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iPath S&P 500 VIX ST Futures ETN Message Board

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  • do.john67 do.john67 Jun 11, 2012 10:11 AM Flag

    If anyone cares. I am not covering my short.

    I have so protected my account that I am enjoying just watching today. I actually have some buying power, but my account is right where I want it for the moment.
    I hold some UVXY and VXX long shares in my account as a hedge, and will unload these positions at strategic times, while I maintain my deep ITM VXX puts with various expiration dates.
    Wes, you must be up a couple of million over the last week. I may not be up a million, but I am feeling like a million!

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    • John last week as a .5M week. I am very happy to say the least. It comes and goes of course but yes it was an incredible week. I bouht RIMM Long and added to it again just now, I bought Sprint and am holding. Things could not have been better. But I am VERY concentrated so when things turn my account turns very fast. I have a friend who will not come over during the day because he says he would throw-up hehe.

      I am still a speck of sand compared to these fellas I talk to that have VAR in their account of like 100 million!! I talked to a UBS guy on the weekend and his daily VAR is around that - hahaha that makes me laugh. And there he is drinking up a storm and having a great time like nothing matters. It doesn't matter I guess it is not his money!!! WTF!

 
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