He probably has one for surfing the internet. But maybe not for official communication, unless he is using a code name.
Had anyone noticed that the high on June 5 was 11.11 and that the high on June 27 (Friday) was also 11.11?
It is very common for traders to sell when a previous high is being retested with the presumption that it will take a few tries before the previous high is broken. Although I am a bit surprised that the selloff had occurred so rapidly. It looked like there were a lot of stop loss orders around 9.50
Unfortunately, I was watching a movie when this had occurred. Otherwise I would have picked up a large block of calls. Notice that the price of calls are now much cheaper than the puts.
The current price of 27 would be 108 after a 1:4 RS
UVXY was 109 on 10-23-13 The subsequent RS was announced on 1-10-14
If the rate of decline remains the same, there should be an announcement of another RS around 9-8-14
Of course this is mere speculation. The last RS was done together with 21 other ETFs.
Maybe by Labor Day?
You can remove this by using uninstall program.
What is worse is the FBI virus which hijacks your computer and demands $200 for them to unlock it. The only way I was able to remove this was by using system restore.
Last week, I had bought the July 3, 34/37 call spreads for VXX. After seeing the drop this Tuesday, I decided to close it out for a small loss.
Last week, I had also bought some Jan 2015, 85/100 SVXY call spreads for a debit of 5.00
The drawback of going out so far is that the max profit of 200% cannot be attained until Jan. But then, this is also an advantage since drawdowns will be substantially less during declines. I need to come up with a plan to trade this by scaling in and out.
Did you get a 5% discount by using your Target card?
They had given me a 5% discount when I bought my Apple TV there.
going into the end of this quarter.