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ProShares Ultra VIX Short-Term Futures Message Board

bustin_ur_chops 292 posts  |  Last Activity: Jul 19, 2014 4:48 PM Member since: Mar 17, 2013
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  • bustin_ur_chops by bustin_ur_chops Jun 29, 2014 6:04 AM Flag

    PUGE now trading as PUGEE

    PUGES would have been a better choice...

    --Bustin

    * A - Class A
    * B - Class B
    * C - Issuer qualifications exceptions *
    * D - New
    * E - Delinquent in required filings with the SEC
    * F - Foreign
    * G - First convertible bond
    * H - Second convertible bond, same company
    * I - Third convertible bond, same company
    * J - Voting
    * K - Non-Voting
    * L - Miscellaneous situations, such as depositary receipts, stubs, additional warrants, and units
    * M - Fourth preferred, same company
    * N - Third preferred, same company
    * O - Second preferred, same company
    * P - First preferred, same company
    * Q - Bankruptcy Proceedings
    * R - Rights
    * S - Scam
    * T - With warrants or with rights
    * U - Units
    * V - When-issued and when distributed
    * W - Warrants
    * Y- ADR (American Depositary Receipt)
    * Z - Miscellaneous situations such as depositary receipts, stubs, additional warrants, and units.

  • bustin_ur_chops bustin_ur_chops Jun 29, 2014 6:01 AM Flag

    Best way to have a $50 billion TVIX (VXX and UVXY) portfolio in 6 months***

    *** Begin with $100 billion!

  • bustin_ur_chops by bustin_ur_chops Jun 28, 2014 6:54 AM Flag

    PUGE now trading as PUGEE

    PUGES would have been a better choice...

    --Bustin

    * A - Class A
    * B - Class B
    * C - Issuer qualifications exceptions *
    * D - New
    * E - Delinquent in required filings with the SEC
    * F - Foreign
    * G - First convertible bond
    * H - Second convertible bond, same company
    * I - Third convertible bond, same company
    * J - Voting
    * K - Non-Voting
    * L - Miscellaneous situations, such as depositary receipts, stubs, additional warrants, and units
    * M - Fourth preferred, same company
    * N - Third preferred, same company
    * O - Second preferred, same company
    * P - First preferred, same company
    * Q - Bankruptcy Proceedings
    * R - Rights
    * S - Scam
    * T - With warrants or with rights
    * U - Units
    * V - When-issued and when distributed
    * W - Warrants
    * Y- ADR (American Depositary Receipt)
    * Z - Miscellaneous situations such as depositary receipts, stubs, additional warrants, and units.

  • Reply to

    Momentum Picking up in BIGG

    by kylayinfujimoto Jun 25, 2014 4:16 AM
    bustin_ur_chops bustin_ur_chops Jun 25, 2014 6:18 AM Flag

    And BIGG finances scam by repeatedly issuing toxic death spiral debt.

    From recent 10Q:

    "On December 17, 2013, we and Iconic Holdings, LLC ("Iconic") entered into a note purchase agreement, providing the issuance of a 10% convertible promissory note with the principal amount of $52,500. The note is due on December 17, 2014. Iconic is entitled, at its option, at any time after the issuance of this Note, to convert all or any lesser portion of the outstanding principal amount and accrued but unpaid interest into our common stock at a conversion price for each share of common stock equal to the lower of $ 0.238 or 60% of the lowest trading price in the 15 consecutive trading days prior to the date that Iconic requests Conversion"

    Bustin

  • Reply to

    BIGG-Just found this, hope you like it

    by kylayinfujimoto Jun 25, 2014 3:32 AM
    bustin_ur_chops bustin_ur_chops Jun 25, 2014 6:15 AM Flag

    Thanks for the spam!!

    And I just found this death spiral convertible in the 10Q, striking a massive chord (B flat) wiith traders:

    "On December 17, 2013, we and Iconic Holdings, LLC ("Iconic") entered into a note purchase agreement, providing the issuance of a 10% convertible promissory note with the principal amount of $52,500. The note is due on December 17, 2014. Iconic is entitled, at its option, at any time after the issuance of this Note, to convert all or any lesser portion of the outstanding principal amount and accrued but unpaid interest into our common stock at a conversion price for each share of common stock equal to the lower of $ 0.238 or 60% of the lowest trading price in the 15 consecutive trading days prior to the date that Iconic requests Conversion"

    Bustin

  • Reply to

    BIGG-Can this play break past $1?

    by kylayinfujimoto Jun 25, 2014 5:27 AM
    bustin_ur_chops bustin_ur_chops Jun 25, 2014 6:11 AM Flag

    Thanks for the spam!

    The only thing believable in the BIGG 10Q is the death spiral toxic financing:

    "On December 17, 2013, we and Iconic Holdings, LLC ("Iconic") entered into a note purchase agreement, providing the issuance of a 10% convertible promissory note with the principal amount of $52,500. The note is due on December 17, 2014. Iconic is entitled, at its option, at any time after the issuance of this Note, to convert all or any lesser portion of the outstanding principal amount and accrued but unpaid interest into our common stock at a conversion price for each share of common stock equal to the lower of $ 0.238 or 60% of the lowest trading price in the 15 consecutive trading days prior to the date that Iconic requests Conversion"

    OUCH!!!

    Bustin

  • Reply to

    VIX UP TVIX DOWN. IS THIS A SCAM?

    by outsidetoinside Jun 23, 2014 1:04 PM
    bustin_ur_chops bustin_ur_chops Jun 24, 2014 11:58 AM Flag

    "ETFs definitely operate this way but it is less clear how ETNs work because they are not required to own the underlying. So I do not know how they perform the arbitration."

    google: "ETF Liquidity Explained joi"

    Bustin

  • Reply to

    2 weeks ago, TVIX was $4

    by abnormalbuyingteam Jun 23, 2014 3:44 PM
    bustin_ur_chops bustin_ur_chops Jun 23, 2014 9:52 PM Flag

    "predicting reversals"

    Ray, thanks for the laugh. Wittiest post that I've read in months!!!

    But thanks and no thanks for your suggestions.

    I'll just stick to my Ouija Board for now...

    Bustin

  • Reply to

    Bustin- thoughts on a spread trade

    by ralphjlindblom Jun 20, 2014 8:21 AM
    bustin_ur_chops bustin_ur_chops Jun 22, 2014 4:50 PM Flag

    "Based on all my indicators, I am a firm believer that SVXY should be at least $90 by July option expiration.
    Based on this, I did a calendar spread yesterday"

    Quite frankly, Ralph, I have legged into calendar spreads but have not really studied the math regarding initiating both legs at once. I'm not sure that I have the temperment for sweating out expirations every Friday and I fear that your tx costs on all those contracts might be excessive.

    Like you, I assign in my mind probabilities for various outcomes for various time frames and then assign various options payouts where the take of the house (me) outweighs the odds.

    So, if I were convinced that SVXY will close at $90 or above by Jul opex with 90% odds of success then I would be thrilled to bet $40 to win $60.

    I would buy Jul19 89/90 debit call spreads for a net debit (midpoint) of .40 .

    Bustin

    WARNING: Aug options expire the week BEFORE VIX Aug futures expiry!

  • Reply to

    Bustin chops

    by golftheband_onemanshow Jun 22, 2014 1:30 PM
    bustin_ur_chops bustin_ur_chops Jun 22, 2014 4:23 PM Flag

    "I am convinced VXX will hit 33 next week, and UVXY 36. Just a hunch."

    Okay, Golf, if that's your conviction, then let me expose to you a far safer way to play your hunch.

    If you buy those 35 calls for 6¢ and you are correct but VXX goes no higher, those calls will expire worthless. But I realize that you are probably hoping for an explosive move Monday that might double the premium. With a slower move, unless delta exceeds theta, your premium will decay daily.

    IF I were convinced that VXX will close at 33 next Friday, I would content myself with a 16:1 max payout and purchase 32.5/33 debit call spreads for 3¢.

    Just food for thought for you, Golf.

    Again, happy huntin'

    Not_Bustin_ur_Chops

    PS: Your broker might require a separate options spread agreement.

  • bustin_ur_chops bustin_ur_chops Jun 22, 2014 8:06 AM Flag

    "First I am looking for my calls to explode 500% next week then I will buy puts."

    Golf, with all due respect, how much money have you lost with wild speculation this year???

    Are you the doppelgänger of Nomodns who admits to losing a small fortune buying VXX calls with a strike of 55 and higher???

    There is a reason that those calls are going for 6 cents. Regardless, I hope that you at least break even. This is a pure gamble, not a healthy speculation where you hold the house edge.

    Bustin

  • bustin_ur_chops bustin_ur_chops Jun 21, 2014 4:26 PM Flag

    "Yeah, sure.........."

    Sorry, hb, this poster gary anderson is a genuine 3D investment researcher...

    He moderates an active moderated mb on iHub, "3D Printing Stocks"

    Bustin

  • Reply to

    Is market going to "CRASH" on Friday???

    by ggray1956 Jun 19, 2014 3:27 PM
    bustin_ur_chops bustin_ur_chops Jun 21, 2014 6:43 AM Flag

    newguy:

    I beg to differ...

    There are no idiots posting here. Just a bunch of morons, knuckleheads, and cynics!

    Bustin, a cynical knucklehead

  • bustin_ur_chops bustin_ur_chops Jun 19, 2014 2:00 PM Flag

    "It most likely gonna hit 3.50 to 3.,60 range first so i may sell there if i get half back ill feel good cause last years money is long gone"

    And with all due respect, tc, if TVIX DOESN'T hit 3.60 first, this year's money will be long gone.

    IF you think that the market willl correct, do not but TVIX; instead short a broad market leveraged ETP such as TQQQ.

    Bustin

  • Reply to

    I told you don't get GREEEEEDY

    by igettmoney6624 Jun 18, 2014 4:11 PM
    bustin_ur_chops bustin_ur_chops Jun 19, 2014 6:56 AM Flag

    "So you shorting?"

    Actually, I was prepared to add to my TVIX permashort yesterday at 3.32 as both contango and the TVIX premium had widened but instead bot some SVXY 86/88 call spreads Jul19 expiry for a net debit of .93. If TVIX is even unchanged in 4 weeks, I'll have a 100% profit on this speculation!

    Bustin, continually short TVIX since March 2013

  • Reply to

    Is this the good entry point for UVXY?

    by ongrichar Jun 19, 2014 4:01 AM
    bustin_ur_chops bustin_ur_chops Jun 19, 2014 6:40 AM Flag

    Ongrichar, UVXY is perhaps the most complex instrument trading in the stock market. Instead of nickle and diming us "pros" with basic questions which have already been answered before on these mbs, please educate yourself first. I spent a solid month of intense research before I dipped my toes into the mire known as VIX proxy land.

    I posted an exhaustive 2 part study guide on iHub on June 7.

    Google: "VIX Proxy Curriculum iHub"

    And play the dark side,

    Bustin

  • Reply to

    I told you don't get GREEEEEDY

    by igettmoney6624 Jun 18, 2014 4:11 PM
    bustin_ur_chops bustin_ur_chops Jun 18, 2014 9:40 PM Flag

    "It is not going to $2.5 this week or next, maybe in the future. As I said VIX is at 10.6, for it to go to $2.5 in the upcoming days, VIX would have to drop to almost high 8s."

    Actually it is possible, but not probable, that TVIX could drop to $2.50 in the next week without the VIX even budging.

    $2.50 would be a 20% drop from today's close.

    There currently is a robust 20% contango btwn spot and July futures. The VIX proxy composition is mostly July futures for the next week. If the VIX remained the same but July futures fell 10% to 11.50, TVIX will decay to $2.50!

    TVIX 3.09
    VIX 10.61
    VX 07/16/2014 12.7000
    VX 08/20/2014 13.7000

    ಠ‿ಠ
    Bustin

  • Reply to

    part 2 toxic financing

    by bustin_ur_chops Jun 18, 2014 8:15 AM
    bustin_ur_chops bustin_ur_chops Jun 18, 2014 5:34 PM Flag

    kewl!!!

    The paid promoters give a "thumbs down" for pasting data from a SEC filing!

    ಠ_ಠ
    Bustin

  • Reply to

    part 2 toxic financing

    by bustin_ur_chops Jun 18, 2014 8:15 AM
    bustin_ur_chops bustin_ur_chops Jun 18, 2014 8:31 AM Flag

    Correction:

    Preferred B issued for $2.64, not .56. Converts to $5 common; Nearly 100% return on converting debt to equity!

    Bustin

  • bustin_ur_chops by bustin_ur_chops Jun 18, 2014 8:15 AM Flag

    TOXIC FINANCING

    8% Series A Senior Subordinated Convertible Redeemable Debentures On April 30, 2008, we entered into a stock transfer agreement with our parent company Nexia and Nexia's wholly-owned subsidiary DHI whereby they would each sell their holdings in Landis and Newby in exchange for an 8% Series A Senior Subordinated Convertible Debenture with a face amount of $3,000,000. Interest on the debenture commenced on December 30, 2008. The debenture holder has the option, at any time, to convert all or any amount over $10,000 of principal face amount and accrued interest into shares of Common stock, $0.0001 par value per share, at a conversion price equal to 95% of the average closing bid price of the common stock three days prior to the date we receive notice. In February of 2011, DHI transferred the Debenture to Nexia in exchange for the release of debt obligations owed to Nexia by DHI and Nexia is the current holder of the Debenture

    On March 28, 2014, the Company authorized the issuance of 113,469 shares of Series B Preferred Stock to Akron Associates, Inc. in exchange for the release and settlement of $300,000 in debentures and accrued interest owed to Akron. The shares will be issued with a restrictive legend to Akron.

    On March 28, 2014, the Company authorized the issuance of 75,654 shares of Series B Preferred Stock to Desert Vista Capital LLC in exchange for the release and settlement of $200,000 in debentures and accrued interest owed to Desert Vista. The shares will be issued with a restrictive legend to Desert Vista.

    The shares of Series B Preferred Stock to be issued are each convertible into $5.00 of common stock, based upon the average of the average closing price for the common stock of the Corporation as reported by OTCmarkets for the five trading days prior to the conversion.

UVXY
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