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VelocityShares Daily Inverse VIX ST ETN (XIV)

NasdaqGM - NasdaqGM Delayed Price. Currency in USD
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93.36-0.23 (-0.25%)
At close: 4:00PM EDT
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TVIXUVXYVXXSVXY^VIX
  • J
    JYSE
    JYSE
    09/20, sold $94 XIV. A good start.
  • B
    Brown
    Brown
    Anyone know why vix is down and we are in contango, but xiv is also down?
  • J
    JYSE
    JYSE
    Seth Golden says there are three fundamental things in trading volatility: liquidity, exposure, and time. My interpretation is: cash, shares, and patience. I have always struggled trying to find the balance between cash and shares. I am scared when I have to use margin when XIV keeps diving and I am frustrated when I run out of shares when XIV keeps charging higher. Maybe I should hold some core shares, like some fellow traders suggested, just to feel I am still in the game all the time.
  • W
    Whatamooseiam
    Whatamooseiam
    I'm still holding, but I've also initiated some options positions to hedge against any sudden, massive drop in the coming days. Small insurance to pay considering the amount of profit I made the last week.
  • N
    Nathan
    Nathan
    Terrific recovery.....
  • n
    none
    none
    End of year target XIV = $65
  • J
    JYSE
    JYSE
    09/18/17, sold $91 XIV in premarket. Another Up Monday!
  • n
    none
    none
    The XIV ATM machine strikes again! Maybe you do buy this thing all day every day. I guess you just get in and stay in. What the heck do I know?
  • N
    Nathan
    Nathan
    Man this is on rage, up straight for how many days????
  • B
    Brown
    Brown
    Contango at a crazy 17%!
  • S
    SheaK
    SheaK
    Exited 5-week swing for 14.03%. Will wait days/weeks/months for another entrance. Cheers!
  • B
    Brown
    Brown

    This doesn't happen often hence why it's of note I think. XIV may go up a lot Tues/Wed. Wednesday is futures expiration, plus FOMC meeting day. Both of these are high predictors of XIV going up. My neural network system adjusts the prediction towards XIV when either of these conditions are met, with a pretty strong adjustment towards "long XIV/short UVXY". Now it is predicting XIV with a very high hypothesis due to the boost from both of these, plus other things. It learned all this (it wasn't manually entered). This page also came to the same conclusion without using machine:
    http://www.tradingtheodds.com/2014/11/trading-volatility-xiv-seasonalities/

    Trading Volatility – XIV Seasonalities | TRADING THE ODDS
    www.tradingtheodds.com
  • J
    JYSE
    JYSE
    09/19, bought $93 XIV premarket and selling $94.
  • J
    JYSE
    JYSE
    I just found this GREAT article "Myths, Markets And Easy Money" by Charlie Bilello on Seeking Alpha. It humbles me to admit: I don't know. Because I don't know so I stop trying to predict the market direction. The pundits with failed claims never had any consequences so they just keep saying the same thing until something eventually happened.

    People with weak minds often doubt themselves and just follow the experts. Look what happen to the last presidential election result, and, the market reaction because of it. I was also scared by listening to the overwhelming calls to stay sideline and missed the incredible market advance early this year. Now I have decided to invest myself. If I am to lose my money, I want to do it my way. There is no question that market correction will come just like earthquake will happen sooner or later. Does that mean people should stay sideline to avoid bear market just like people live in tents to avoid earthquakes? No, you prepare for it and life goes on.

    For investing in volatility, someone wrote a thesis and listed several strategies. The easiest one is to buy-and-hold XIV or SVXY and keep buying regularly if funds permit. It's similar to investing in S&P 500 mutual funds. In fact, there is a small investment company is just doing that. Very simple and the return is great.

    If one can keep some core XIV shares to let them grow over time and only buy-and-sell the additional shares when there is 10% plus pullbacks, the return should be even better.

    Another strategy I have started experimenting is, thanks to one of the fellow traders here, to sell SVXY at-the-money puts with different expiration dates when there is pullbacks, minor or major. If SVXY rebounds and the puts render useless, I got to keep the premiums as dividends. If SVXY drops further as it certainly may, I then sell more puts at new ATM strike prices and different expiration dates. I can't pick the bottom so I sell puts in layers to average my cost. The worst can happen is to buy SVXY with discount price which I don't mind at all.
  • N
    Nathan
    Nathan
    Anyone buying? looks like NK is back into play again.
  • J
    JYSE
    JYSE
    Last time, 08/28/2017, NK fired missile over Japan, XIV dropped from $82 to $74 in after hours and premarket before it recovered to $81 next day. That's about 9% quick profit overnight. Today, NK fired again but XIV only dropped 1.5% in AH. I don't expect anything dramatic tomorrow. Maybe $2 or $3 quick pocket change only. Nothing to brag about.
  • n
    none
    none
    XIV just another hot air balloon set to pop.
  • N
    Nathan
    Nathan
    Seems to be market loosing steam now....
  • W
    Whatamooseiam
    Whatamooseiam
    Ugh. This feels like deja vu all over again. Will XIV jump 10+ points like it did in July? Looks like I'm buying some and going along for the ride. I'm hoping better late than never.
  • n
    none
    none
    Tomorrow's gonna sting for XIV'ers. Will be watching closely if she can hold $76. I say $50's by mid October.