Think about it a moment. Some of you don't seem to be hedged. If you had an account value of 100K and shorted $6667 worth of UVXY that move would have taken 100% of your account and it happens so fast you may not be able to exit.
I'm sure you know this, but a small point. There is a guy named Juan from VXX board. He ran the numbers and in 2008/09 crisis UVXY would have gone up 15 fold during the crisis. If you had a net worth of 100K and shorted only $6600 worth of UVXY you would have lost 100% of your capital. That's something powerful for us to learn from.
Can you tell me which VIX calls you bought and sold, which strike price and expiration, and what your purchase/sale price was? I am trying to shift to using that more than UVXY. Thanks!
7 in a row for sure Thursday and Friday make it 9. No matter what happens in the jobs report the VXX/UVXY pair goes higher. Remember if it's good news, Fed taper. If it's bad news, economy in the toilet. The paradigm has shifted now to one of strong UVXY/weak SVXY.
And do you think they can continue to "pump" the market forever? It must end sometime, no? By the way this is the 7th straight day that the volatility ETN's are either unchanged or up. This sort of momentum can feed on itself and turned into a frenzy quickly.
I have a couple questions if you don't mind. I have looked at VIX calls before but on my broker the spread is always 5 cents. That's a big hurdle to climb. Do you have a broker that allows to buy in less than 5 cent increment?
ah, choo choo push it. P-push it real good. V-v-v-volatility's here. P-p-p-panic's here.
It is feeding on itself right now higher and higher and higher. You just have that feeling right now it could be up 20, 40, 60, 100 days in a row.
I think SVXY longs get a bit of a trouble here. There is some panic taking hold in the market. You can see 50 or lower in early 2014.
I would not be holding to that distant time. $28 would be a very nice move, we would also see VXX at 55 in that event and I would look to buy puts in a large way.
And UVXY to 25!!!!!!!