If you go to your email and read about some activity on an old post. You get back to the old MB. It looks so much better now.
I actually went from 5% to 25% cash in my 403B today, I dropped my Stock to 50% and Bonds to 25%. I figured selling both at their all time high was a good idea. I honestly don't know what will do better in the next 12 months. Cash, Gold, Bonds or Stocks. I think Cash hedged with gold is probably the least risky tradable asset class right now.
I have $130 sold for this week. If they are in the money, I'll just roll up and out to the July 132 or 133, whichever is about the same price as my June $130 on Friday.
Why, they make like $5 million in profit off of this per year. It's about the only thing they do right.
I use GLD as a hedge to my cash in my Roth. I like to write covered calls on it and least create some income from it. 3% up and 1 month out, normally fetches about 1%. I'll never own a miner again though.
That is not true. It split within 2 months after hitting $1. However it really doesn't matter, splits don't mean anything in TVIX. The underlying value stays the same, however I only have to keep 75% in margin credit to hold short when it is over $5
Just be careful. Keep the % of your portfolio small and always have enough collateral to be able to ride out a 1000% spike. Reload your short position during volatility spikes and never cover. If you do this, you will never have a taxable event and you will make more than average stock market return with your whole account. Good luck.
I think you are feeling the effects of the ankle grabber formation today. I warned you :-)
I can't disagree with that. I always plan for a 1000% spike in TVIX or UVXY (off of the bottom) before risking my capital.
Thanks man, I'm keeping it small. I don't see how it can lose as long as it is kept a small portion of the portfolio. Just like shorting TVIX, it is a sure thing... one year out. If I was a gambling man I would do it with a big chunk... but for now, I'm happy if I can make a couple hundred per week. The Margin is being maintained by very safe stocks.
Another thing I tried I don't even know if it has a name, it is kind of like a call calendar but different strike prices. I bought a way out of the money call 2 months out, then sold weekly's at the money. When volatility spiked this last time, I sold the out of the money call for 2 x what I paid for it, but this caused my short call to be naked. Volatility subsided and the calls expired worthless, It worked both ways, but I didn't like the idea of paying for call, so I decided to do it naked from now on.
Good to know, that it is just good old reliable TVIX. Come on guys, this isn't even interesting anymore.
Only one will be in the money at expiration, and you can roll it to the next week at that time. It is only a little more dangerous than selling a naked call. I don't want to be stuck rolling puts, but over time you can roll out of it, as long as you didn't write the puts when volatility is high. We'll talk about it again in early 2017, I should have a pretty good handle on it by then.