This stuff is already baked into a VIX of 18-ish. Russia will take Crimea, there will be some hand wringing and talk of sanctions. If that's it, why would you expect a huge VIX spike when people already bought protection Friday? IMO you needed to sell Friday to lock in profits. If nothing big happens over the weekend don't expect much movement out of UVXY. Now, farther out, sure it could have some moves. Crimea isn't very important to the world economy or markets in the end but US economic data has been very weak for some time now.
I have never traded long UVXY. I normally short VXX only. Last year I shorted UVXY for 2 months and lost a little bit of money, not much. I then converted back to VXX short.
So I got this K-1 from them with no information on it. There was an attached form showing the number of shares I shorted and when I covered them, that's it. I am thinking about just throwing this in the trash.
I understand if you're long UVXY how you would get the K-1 and be responsible for the pass through income. But what if you shorted it? I don't understand what shorts are supposed to do with the K-1.
1 billion market cap for that scam. Amazing to me. It's not worth even 50 million. This is what happens when the Federal Reserve creates a bubble. Lot of people will be complaining when PLUG is back to 50 cents.
This story is over. The market "disgested" it, realized US won't send troops over there, and nobody cares anymore. That's why the market rallied into the close.
That was impressive.
This is the best market of all time. SPY green today again.
There is no need to trade. Just hold TQQQ from 70 up to 100,000,000 in 10 years. a 1K investment worth 1 billion in our lifetimes.
Lucky you finding shares to short. I can never get them anymore. Maybe it's a good thing if there's a real bear market again this thing will bankrupt some people on the short side.
First congrats on your call spreads, well done. I was just wondering what date you bought them and what price VXX was trading at. Trying to learn how those are priced. Also when you do a trade like that, what % of your account do you devote to the trade?
I fully appreciate the market will go down. However I do not expect SPY to go below 177 in March, i.e. 5% drop or less. The bears here were calling for 30-35% drop tomorrow.