Tinger getting crushed. Don't expect to see him after opex
He really should be considered a great lesson to new(er) traders on the consequences of non-diversification and single equity gambling. VXX will likely see backwardation set in steeply and a pps in the $25 range by opex. So much money in options was bearish on the vix and it's trading vehicles (vxx etc...) that's it's no wonder that mm's went after it and will take it all. Tinger will lose almost his entire portfolio by opex if he hasn't capitulated yet. He may even get "excercised" out of his position before opex. If vxx runs above $25 the fool will owe his brokerage thousands. Complete buffoons all over these boards and he takes the cake for violating trading rule número uno. I have bookmarked a few of his posts and portfolio screenshots and will be putting a case study together on the follies of trading at the end of the week. Can't feel bad for the guy though because every once in a while it's good to see ignorance rewarded justly.