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iPath S&P 500 VIX ST Futures ETN Message Board

  • con_law_misery con_law_misery Mar 6, 2013 11:25 AM Flag

    Do.john I am stil tracking those January 2014 VXX calls

    The 55 strike still going for 1.30 which is much higher than when VXX was at 24 last week. Something is up.

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    • Rick probably has a better read but my guess is that it's a function of the VIX curve - which has steepened considerablly in the past few days.

    • One thing I can guarantee is that the market in general will not continue this unrelentless climb higher, unless I'm the luckiest trader on the planet.
      That is what I like about option spreads. When the market goes against one of my trades for a long while, I eventually give in and shut down the leg of the trade losing money. I did this with a spread that I bought with DXD, and have been holding a bunch of worthless puts that were way OTM. Well, they are still worthless, but not nearly as far OTM, and a few more days like yesterday could make those puts worth something. And if market continues a no look back bull run, I may actually start making money in my trading account, even though I have a bearish account. This is what is neat about options, many ways to use them to protect your account!

      • 1 Reply to do.john67
      • Right on. I am subscribing to "spread the trend" this weekend. I have heard their options strategies on average have made people 40% per year the past 5 years. Of course we don't know how they would do in a bear market! But I'm willing to give it a shot. Seems incredible that the market would keep trucking but she does. Those 55 calls continuing to shine like a diamond. Anyone really think VXX will hit anywhere near that level?

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