What do you of this comment about the 0.15 fee:
" the long Spot VIX, or VXUP, comes with an additionally 0.15% daily expense to help pay for the short Spot VIX, or VXDN – due to the nature of the VIX, the investment is pretty much guaranteed to go up some time in the future but a short position is also likely to lose money, so the daily fees on VXUP is used to compensate those taking the risk of going short."
has been very similar for the past week. Now all TWTR needs is a buyout rumor like what is happening to YELP.
This is the title of a very detailed Seeking Alpha article which discusses buy and sell indicators for UVXY. In case you have not already read it, you should find it relevant to what everyone here is discussing.
The institutional Put to Call Ratio for the SPY is currently at 191:100
If most of them are hedged, there should be less chance of panic selling and less fear of a correction.
The NASDAQ website lists the earnings date as 04/28/2015 but states that it is subject to revision once the company announces the actual earnings date.
The Earnings Whispers site has the date as 4/30/2015 after the market close. There is a "confirmed" in red letters after the release date which I presume implies that they have confirmed this date with GILD.
When I was at the Rio Hotel in Las Vegas, I was discussing wine with our waiter. He said the Château Latour was one of their more popular wines. It sells for around $2,000 per bottle. I did not order it. I just went with a $50 bottle.
What do you think about the class action lawsuit against the wine makers for arsenic in their wines? The problem with arsenic is that it can accumulate in your body. However you should be okay since the highest concentrations were found mostly in the cheaper wines.
I was thinking the same thing this morning. A 7:1 like what AAPL had done would be ideal. This would give it more room to run up to 100. AAPL would probably never have reached 900 without the split.
Today's volume for the Jan2017, 2 & 4 puts are already 5579 and 5000. There is some serious money thinking that the market will continue going up or move sideways for the rest of this year.
I agree that this is probably a risky time to buy puts when UVXY it is at it's low. I may scale in with some put spreads and add to them during market declines.
When I had posted this message, the 1.00 puts were bid/ask 0.10 / 0.12
They are now 0.13 / 0.25
A lot of money has been flowing into these lower strike puts (1-5) this week. Yesterday, 3,000 each of the 2.00 and 4.00 puts traded. Today, 569 each of the 2.00 and 3.00 puts traded. Looks like this was done by the same trader.
Anyone here good with calculating Black Shoals for UVXY options? How much would the lower strike puts (1-5) increase in value should UVXY drop to around 7.00?
I noticed there is a large open interest for the put options for Jan2017. A relatively small downward move could yield a large percentage profit for the lower strike puts.
On March 30, the Brent/WTI spread was 5.33
The spread peaked on Feb 24 at 13.74
When Iran releases it's inventory, the spread should narrow even more.
The best play so far has been short Brent / long WTI
In Yahoo Finance, the day's range is listed as 14.36 - 24.22
What about the trades made based upon the erroneous quotes? Will the flash crash rules be in effect?
GILD has been in a descending triangle pattern. Let's see if the 3/18 low of 98.54 can provide some support. If it breaks through, 95 could be the next support level.
I have been doing swing trading with the weekly options, mostly spreads.
I had suggested the Jan2016, 18/21 call spread to a friend who is not into short term trading. With USO around 17, this spread can be bought for a debit of around 1.00 This would yield a max profit of 200%. With the potential effect of severe contango, it's probably best not to get involved with strike prices which are too high above the current share price.