It's just 4 weeks- I need it to not hit 60 for 4 weeks- after that it can go anywhere it wants and I will never touch again.
Yep I guess that's the problem with selling calls- seemed like an easy way to collect income, now I'm in dire straits for sure.
When it was 24 I sure didn't think 60 was possible.
Yes or no?!
How many shares did you short, and what % of your portfolio was it? Trying to get a handle on position sizing.
If VXX hits 26 in next 9 days I am dead, ignoring compounding.
I didn't think this would be a big issue yesterday. Now it looks like it could.
Talking about those 5-10 bagger straddles, how much money do you put in those suckers? I mean, if I had 100K, I couldn't see putting even 1K in a trade like that because it has to be a real low probability trade to have 5 bagger potential on a weekly. Very interested in learning about these- if you don't mind could you share a specific trade or trades that has given you 5 bagger? Thanks!
Hopefully, they get a good scare and live to fight another day. Or they file for bankruptcy protection under US Chapter 7
If they don't stop pumping this... only 19 bucks to go. Don't do me like that, don't do me like that, god I hate UVXY, don't do me like that.