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iPath S&P 500 VIX ST Futures ETN Message Board

  • goodoptday goodoptday Dec 16, 2013 11:28 PM Flag

    VXX 12/16/13

    VXX still holding up well. When VXX spikes, want to buy VXX puts (instead of VXX share short) to limit loss in case of further spike but it's not cheap. Hate to go with share short but not much of other good choice.

    Bought 2 sets of XOM near-the-money puts on strength from upgrade.
    Sold FDX ATM calls.
    Closed OUTR share short assigned from deep ITM calls sold. Not at a good price but still some profit.

    Account some minus. Decision time coming up soon for VXX.

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • What did you decide? Personally, I have been scaling into a short VXX (well, actually long XIV) position.

      Noticed an interesting phenomenon after the last fed meeting: looking at VIX futures, the short end of the curve dropped much more quickly than the middle of the curve. The curve generally steepened and the December expiration stayed elevated over the month, as traders likely anticipated the Fed taking action then. A trade idea: stay short VXX while hedging with a short ZIV.

      I've enjoyed your updates on this "hidden" message board. Congrats on a great 2013 in a challenging environment!


      • 1 Reply to lesserfool75
      • lf, decision still pendng. Will see how thingsgo this morning. Yesterday, VXX was strong, had to go to the bank, while waiting in the bank, made up my mind to close SVXY calls. But, when I came back from bank, VXX already went down so much in just an hour.
        Today, I don't want to gamble holding SVXY calls sold through the FED announcement. I've been burned many times in the past. I'm not sure the FED will taper any time soon with the new chair. Hope VXX stays strong at least before the announcement today.

        actjac, It's been long since we had this two or three solid down days that we are waiting for. It's just an amazing market.

        Good luck trading all...

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