Is this an opportunity to take a big short position with VXX? I am tired of reading post after post about people covering their short positions after VXX drops 2 or 3 points and how they made tens of thousands of dollars!
Who is selling now! I am ready to make those 1000's, just need to know that this is the moment?
Are there folks out there shorting big positions right now?
I'd stay away from shorting VXX atm
spot vix could go to 60-70 with eurozone collapse. Italy and spain bond yields soared today. Collapse is going to occur at this rate. eurobor ois spread is hitting new highs.
I agree with you 100%. Unless you can afford to lose the money and you don't care, the best bet for VXX is no bet at all until after Friday or Monday. This EU summit tomorrow is more market moving than any employment report, Fed rate decision, or anything else I've ever seen in all my years of trading.
Why take the risk?
I bought the Dec 44 puts that expire Friday. Of course market tanked as soon as I placed the order, so got screwed. But I figure we end well off our lows by close today, and possibly up on the Dow. I expect a decent day on Friday, and I will take my profit.
Please feel free to short the 46's lol. There is absolutely no risk VXX hits that number tomorrow. Heck, may hit it today. I love newbies, the keep the market moving. It seems like every 60 days half this board goes belly up and than there's a whole new class of newbie's that find the new "sure thing". Short that VXX baby. Can't lose.
the simple answer is NO! If you want to make some quick money, buy the TVIX..Europes problems are only getting started and there is nothing they can do to solve them..They may come up with some programs to help keep the banks from seizing, but in the end, Germany will not backstop a doomed Eurozone..
The weekly puts spreads look appealing for bearish positions with Jan vix futures near 32
I have been doing 41 to 39 for about .30
Eu news in good direction tomorrow could lead to a 5 to 8% drop tomorrow
U could also do a 1x5 sell 1 42 weekly put to buy 5 40 puts for tomorrow
Gets better leverage and risk isn't bad, better then shorting
They have been royal pains in the rear. But, this Euro crap has been a drag on the market for over a year now. At some point, their problems cannot dominate the world markets each and every day. At some point, their problems have to be priced in the market.
The market knows that Euro leaders are incompetent by now. That is why, any promising news at all sparks a big rally, because the market is expecting the worse case scenario including a Eurozone "depression"!