Tempted to close some of VXX short at ATL but I have too much market short to close VXX short.
Closed 1K DECK shares short.
Closed 1.5K FB shares short.
10 DPZ deep ITM puts long expired worthless, losing 1K shares worth of DPZ short.
To increase market short, more of share shorts are getting converted to puts long.
Account good plus, maybe thanks to VXX and UAL weakness. Market gap up ruined my morning and rolling, but account ending up good plus is a relief. Had to finish rolling options in my car parked in a street on my way to the airport up until just before the market close.
Arrived at Madeira island early afternoon SAT. Not much today after a long flight. Took a walk on promenade on the cliff along the shore line. Will be relaxing here in a small island in Atlantic ocean for several days. Hope the market dips a bit coming week so I don't have to worry too much about the positions.
Now that we have Dec Vix futures in the front month I think we are going to see a fairly decent move downwards in VXX over the next month or so. My calculations don't have the index reaching new record lows for 2 weeks but given the strength of the counter movement following the October pop we could hit it a lot earlier. VIX will continue to decline and Dec Vix remains 10% above spot...give it time it will collapse again. It has been tough for VXX since the early summer...just need some patience.
Last two weeks it has been tough to trade vix products. I was burned three times holding vxx short positions overnight and was able to manege minimizing losses but it is hard to make some money without holding vxx positions overnight.
Hope to see a change in market patterns or I many need to change my strategies in trading vix products. Anyway it is not fun to be engaged in day trading. (I may try a simple strategy say shorting VXX 1000 shares and buy VXX 1000 shares at close.)
Very frustrating and got emotional today in a while. For about 2 weeks, any kind of overnight or intra-day dip is bought up. Today also it came back to green a bit after 10AM after 10 point down. Again, market just isn't allowed to go down, pumping even in AF now. This will stop when it stops and won't be pretty.
Missed chance to close some FB, thought market is going down today.
Closed 10 BIDU calls sold, dying at 2 cents.
Bought 15 AAPL Dec 1st deep ITM puts.
Bought 10 RL Dec deep ITM puts.
Bought 30 DECK next week deep ITM puts. couldn't wait more, maybe I should have.
Bought 3 FB next week deep ITM puts.
Account recovered yesterday's loss and then some. Many items to roll tomorrow. Couldn't roll any today. May end up rolling options at the airport. Hate what happened last two weeks. But, so far account is holding up well despite market climb, wish short term top is in.
Buying an ETN that has declined 99% since its inception is generally not a 'gravy train' but I get that this is spam and yahoo should regulate their own boards
Got this alert from Ultimate Stock Alerts (search google for them) and I doubled my money in one day
Bought 10 WHR Dec deep ITM puts.
Bought 20 RL Dec deep ITM puts.
Account some minus. Market short to VXX short ratio about 6 to 1. Too much market short. I need some dip to lighten. FB approaching close target, one of bright spots in otherwise messy account. VXX staying strong is pressuring my account balance. It makes me hope for dip but the dip is not happening, yet VXX stays strong.
Need to start rolling weekly/monthly options from tomorrow afternoon till Friday morning. Then, off to vacation.
Closed 10 VXX Nov calls sold back in July, dying at 0.07 to make fund.
Sold 10 USO Oct ATM puts.
Bought 10 USO Oct deep ITM calls.
Closed 200 FB shares short to make fund.
Bought 29 UAL next week deep ITM puts.
Bought 10 SPY next week deep ITM puts.
Bought 10 AAPL next week deep ITM puts.
Account some minus. Market short to VXX short ratio rose again to 6 to 1.
"Feel like the market is going to roll over ..." What do I know...
Market broke out to the upside. Maybe, the market will repeat 2013 year-end...
Well, he occasionally gets 'em right. He was right about UVXY going to $55.55 a few weeks ago. Some people like to take shots in the dark, and occasionally they hit something.
Tried to add to FB, AAPL, UAL, RL shorts but nothing worked out. Another frustrating day. Missing entries while trying to save 10 cents or so in entry price...
Account some plus. Saw an article about divergence between HYG and SPY. Hope he is right. S&P future was down more than 10 point last night. BTD-ers were saying it will go back to green by 10AM if not at open, and it did by 10:20AM. One day, this BTD is going to trap them but the problem is when...
SPY again bounced off of 203.60/70 support. Hitting it almost everyday for a week makes me hope for its failure. But it may also mean that how strong the support is. Or big guy just wants to keep SPY in small range bound until FED minutes. As the market strength weakens, another FED helper arrives right on time.
Expecting some pressure on VXX as VIX front future expires soon unless the market tanks.