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iPath S&P 500 VIX ST Futures ETN Message Board

  • punbr punbr Mar 5, 2013 11:10 AM Flag

    Going long for the day only. VXX mostly going sideways. Some pullback likely, but not much risk IMO.

    I'm much more willing to take contrarian side when other things are working. I bought AAPL weekly $430 calls yesterday for $4.15, watched nervously this morning as they fell to $2.85 and am selling some now in the $7.00 range and keeping some in case this run continues. Also short MDVN and it is down nearly $2. I may make a small donation to Wes, but I like my chances.

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    • Nice job! I started my buy on Apple yesterday looking to hold for 6 months and ended up selling it all today! Hahaha. I think I can buy it back cheaper again...Schizo market. Have to be so nimble here.

      • 1 Reply to wes_w_weber
      • Definitely have to move fast at times. I moved too fast on ISRG though, closing out my short and see it is down another $19 today. Lot of market cap going away and could go much lower. I think the iphone buzz will probably carry AAPL higher tomorrow, but agree not wise to hang around too long on AAPL trades until the mood changes. VXX is coming around!

13.39-0.42(-3.04%)Jul 1 4:00 PMEDT