Dead cat bounce a comin'
Still a POS company.
You got to calm down buddy- yes the market is a manipulated bubble, but it doesn't mean you can't make money off it. Trade the market you have, not the one you want.
In other words, if a man wanted to sell 100 of the 41 calls naked, the old requirement was 17,600. It is now over 23K!
IOW, all else equal, expect a margin call at VXX of 22 is what I am seeing.
increased it by 33%. So a position requiring 10K margin now requires 13.3K. Pretty steep.
Are you surprised vxx wasn't up more today? I am no longer positive it will hit 19 next week, what's your opinion?
What a game it is too, my boy Jeremy Grantham who is IMO the greatest investor of all time, says the S&P will hit about 2250-2350 by November 2016 and then drop by 50% in the following 18 months. That would be quite a spectacle, the man has a history of genius for sure.
What a market this is.
Sentiment: Strong Sell
Right now I am thinking 18.50 VXX next week- call it 25% increase in UVXY, around $34 IMO for next week.
with a corresponding 2X move in UVXY.