What are you "hmmmmmm'ing" about ? .... it's normal trading. That's what "volatility" means .... taking positions, closing positions. Going short ..... covering your short. etc. etc. What's to "hmmmmmmm" about?
Better to sell calls to the few suckers out there. Selling contracts is always better than buying .... pick the right direction and you hedge yourself while picking up premiums as well.
I really don't think there are too many crude "bulls" around. This morning's gains are just short covering. Crude is in a trading range, trending down, due to fundamentals.
Insignificant. Crude is up this morning due to short covering profit-taking. Whatever someone is doing with this USO is just a simple wager, nothing more.
The only "crystal ball" worth gazing into is the fundamental outlook for crude. Take your ques from that.
" I just locked in 27% in 3 days "
You really need to break away from your grandma's trust fund, and strike out on your own. After all, you're pushing 30 now .... life's passing you by.
See above .... if you don't understand this instrument, then you should avoid trading it (if you are.) Otherwise, learn more before you draw conclusions.
"The market" as you are referring to it, is the DOW. The DOW is not "the market" .... the XIV is based on an inverse tracking formula against put/call contracts on the S&P 500, not the DOW.
Having fun posting meaningless jibber, yes?
" Every dog has his day. "
That's what your mom said after you were born.
" Cramer is trying to cause panic. "
LOL !! Cramer is causing unbridled fits of laughter during commercial breaks.
Wrong ..... XIV is an inverse-to-VIX and will never go to zero. Historically (barring corrective sell-offs like present) the XIV is up the majority of the time, simply because direct VIX products (ex: UVXY, TVIX) CAN trend toward zero, and barring high-volatility periods, these products trend downward due to the contango effect. They are the ones that reverse-split shares over time, because they keep losing value during growth periods.
Your mom must be pretty #$%$ by now, after you having burned through most of her savings. Let's see how long it'll take a quarterly div to break even. :-)
lol .... every trick in the book can't really help you to feel better about your lousy investment. Best advice: bite the bullet, cut your losses and declare a 2016 tax loss.
You forgot numbers 3 & 4 -
3) Wrap all of your cash in plastic bags and stuff them in your bird feeder bin.
4) Move back in with your mom .... and don't complain about her lousy beef stew.
Solution to short-term selling: same as with stocks - average down to reduce your break-even. Everything after break-even is 100% profit.