Getting that sinking feeling.
Did a real dumb high risk move shorting naked calls, the reward potential isn't even good. I am sweating the Greece thing and jobs report big time, I just hope I have enough cushion.
It's all about making it to next Monday. If we get through jobs report and Greek weekend intact, I think we're OK. Otherwise, if this goes to 60, I got big issues. Potential 100% loss of capital on a move to 60.
Who is on board with this plan? No guts no glory.
I plan to sell 500 UVXY 90 weeklies on Friday at the open (expiring July 10). A move to 65 in UVXY next week would trigger a margin call and a move to $80 would wipe me out. You like that plan or no?
I have heard lots of talk about how that mini crash bankrupted people but am wondering if as anyone here navigated it OK.
how about next week close? I don't think Greece alone is enough to get this to 50. I say the high was 48 area today. At least until October. Do you think there is much chance this will hit 70 next week? In only 10 days?
Well considering it is over 44 now, I doubt 32 will be the high.
Don't you think Greece is already reflected in the move in UVXY from 31 to 48. How much higher you thinking it would go?
I personally was not thinking it would hit 50, and I still don't, but given your success I am wondering what you think.
How much do you manage? How much would you charge to manage 500K for me?
Well, to my knowledge he's the only guy here who is a professional manager. Are you one? If so, what is your fee structure?
Also are you accepting new funds for management, and what is your fee structure.