I closed out my oil (and hedge) a few days ago and sold a few put contracts on ERX at 45/apr17. I know it's a X3 but it will pop and out run it's contango at some point. But I do agree with "k". I think this commodity wants to shake the tree a bit more. Hence the OTM puts to get my shares... G/L
Glad you had fun. I think you and I might be the only two (well three of four) with a life outside of the markets!
No, I haven't snow boarded anywhere outside of the the west coast yet. Remember, I'm a surfer/skater first. Sad I know.
Speaking of life outside of the bid/ask, my summer line up of bands are - Ben Harper, Underworld, Death Cab for Cutie, Neutral Milk Hotel (again), The Decemberists and Philip Glass. (Sadly there are just no "heavy" bands" so far this year in L.A. that fit my scheduled.)
What's your favorite east coast slope?
Thats awesome....I shorted today at $16.70 so I have nothing to worry about for a few points....I never pick the right way with stocks but now I'm glad I shorted at this level....easy 3 points and $20 grand headed my way....about time I make a good decision
Agree. Not sure I understand his statement, he said he is 4700 shares strong.? If he is holding 4700 shares and is shorting at the same time, I lost the logic... You are correct, I think sub-14 is reasonable this or next week.
LOL, don't you think you are little late to the game? look at VIX 13.04..how low do you think it will go ? maybe 12.00 the most... and uvxy? ,maybe another $1-2 ... very risky shorting at this level
Little Fish be careful before you post your predictions. Two days ago you posted that the next couple days were going to be like Armageddon. Unfortunately I am sure some people followed your advice and got out of their short positions and lost allot of money. The worst thing about your posts is that they have no informational value. All you do is post about your Sweaty balls. By the way I thought you were going to leave this board but for some reason you always come back. Because of people like you this board sucks now. If you are going to post give some value such as it is not just about volume but it is about volume and the Chaikin money flow which way the money is coming in.
Please, please, read some of the posts about how UVXY works. It is not an equity stock. It only goes down over time. It is a day-trading or overnight trading vehicle. Best time to look at its behavior is in the last 30 minutes of the day and 15 minutes after the market closes. Yes, if you are 4700 shares strong you may want to consider selling covered weekly calls, if you believe it will stay flat or go up.
I don't know if this is a good thing or not....Ive lost $23,000 the past few weeks, have been on the wrong side of every trade.....hopefully I can make my money back...4700 Shares strong