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Heads up ~$5k RSX short position in Fidelity prior to halt yesterday distributed to ~$15k cash in account.
Anybody have a take on why RUSL options were handled differently with cash payouts in contrast to RSX?
https://infomemo.theocc.com/infomemos?number=50204++++++++++&date=202203&lastModifiedDate=03%2F18%2F2022+14%3A29%3A18
https://www.change.org/p/class-action-against-vaneck-cboe-the-occ-for-rsx-options-premium-theft
How Are Options Handled When the Market Stops?
When trading is halted, the related options are frozen. You still retain the right to exercise them though. This is because it’s a binding contract with all rights and obligations implicitly laid out in the terms. Should the exchange nullify, restrict, or alter these terms, it would constitute a breach of contract.
Have open questions for the group regarding current holdings of multiple puts in the money on RUSL and RSX. Market orders to close those positions have not filled so far this past week. Is anyone here aware of the procedure to manually enter positive exercise instruction screen in ENCORE or submit Expiring Exercise Declarations for those involved options? So far all the Fidelity Active traders reps spoken to don't have clue. Thanks for anyone with intel. -PJ
https://infomemo.theocc.com/infomemos?number=50151
Further falls in the Ruble today and Moex now not trading until at least Wednesday ( Expecting initial drop to about 400 )
Inflation rising uncontrolled. 20% interest now looking nowhere near enough to control it.
I see no way out for the Russian economy.
Default on March 16th a near certainty. Then final set of downgrades.
At this point Ruble trading at 1000 to the dollar in a few weeks seems entirely possible.
well they've stopped trading of RSX, which i am not pleased with. All the calls I had written for expiration this past friday have gone out worthless but not knowing they would stop trading I didnt take the opportunity to write call for next friday, should I have anticipated that? Maybe, b/c on closer examination, the largest components have all stopped trading on Thursday so that leaves an ETF with most of its assets not even trading. We'll have to wait this out, but it does seem that selling is allowed, but if you do sell, then who can buy, I don't get it.
This has been probably the ETF trade of a lifetime. Currently holding 4600 shares @8.96, first purchase at 14.80, lots of call options written most of which should go out worthless, BUT, BUT, BUT, even though the premiums are juicy, you could literally get run over once big news out of this conflict, for instance if they take out Putin or he gives up, this will have a violent rally the likes of which will be written about for years.
So whats the plan? Write calls on any spikes in price, and if it keeps moving, keep writing calls at higher prices. Eventually some calls will be run over, but its an effective way to lower cost. For instance the March 11 8 call is currently at 80 cents, sounds pretty good huh? Well maybe but maybe not, it could literally get run over on a run even towards 7 - 8 bucks. My point, as tempting as it is to write calls, which I have done some of, its better to allow for a rally to spike the premiums. This Mar 11 8 call will fetch 1.25 or more at some point in the next week and it may just be run over in a huge way, theres no way to know, except that this is extremely oversold.
Let me know if you need more helps on your strategy.
THANK YOU RSX
VanEck Russia ETF
5.65
-1.54 (-21.42%)
Volume: 9,113,281
Day Range: 5.65 - 7.86
Last Trade Time: 10:06:53 AM EST
Total Trades: 35,915
RSX 5.15 -28%
Holding puts still???
Bounced off $10.77ish. down another 30+%
$RSX: Now at $20......... going lower on this WAR
Should see $15 by end o week
BYEEEEEEEEeeeeeeeeeeeeeeeeee $RSX
RSX buy 28.18
Hey look Russia's Stock Index has that characteristic bullish Inverted Head and Shoulders Bottom pattern on the monthly chart...
So the distance from the head to the expected neckline breakout is about 6 years. Then you can anticipate the breakout buying now for a discount, or buy the breakout slightly higher. Then you wait 6 years or so to evaluate the extreme profits, of course with a stop below the right shoulder, shrewdly realizing Russia's Index is being under-appraised regardless.
Background Education (take your time you got a few months perhaps):
https://www.google.com/search?&q=Inverted+Head+and+Shoulders+Bottom
https://stockcharts.com/c-sc/sc?chart=RSX,uu[e,a]mhclyiay[uu][pb5!b10!b50!b100!b200!d20,2!h.02,.20!f][vb5!b20][iut!lv8!lk9!LE12,26,9!ll14!la6,13,5!la8,17,9!la12,26,9!uc14!ub14!ub6!lo!lp7,3!lh9,3!LI14,3!lxa!ld8!lq!lg14!lf14][j20444984,y]&r=3555b
https://finance.yahoo.com/quote/RSX/profile?p=RSX
https://www.barchart.com/stocks/quotes/RSX
https://finviz.com/quote.ashx?t=RSX
https://www.stockconsultant.com/consultnow/basicplus.cgi?symbol=RSX
https://stockcharts.com/c-sc/sc?chart=RSX,uu[e,a]dhclyiay[uu][pb5!b10!b50!b100!b200!d20,2!h.02,.20!f][vb5!b20][iut!lv8!lk9!LE12,26,9!ll14!la6,13,5!la8,17,9!la12,26,9!uc14!ub14!ub6!lo!lp7,3!lh9,3!LI14,3!lxa!ld8!lq!lg14!lf14][j20444984,y]&r=3555b
https://www.barchart.com/etfs-funds/quotes/RSX/technical-chart?plot=CANDLE&volume=total&data=DO&density=X&pricesOn=1&asPctChange=0&logscale=1&indicators=TREND&sym=RSX&grid=1&height=500&studyheight=100&timeframe=2%20Months
normal chart
log chart
normal chart
log chart
$RSX: Working out soooooooooooo beautifully
Its gonna go even lower on MONDAY.... when CHINA markets open.
Going Sub $22
$RSX: Nice drop.... let see you go down to $15
Would love that.
Wanna make this go down MAJORLY !!!!!!!!!!!
stars and stripes forever/ thank you, happy fourth of july
Question please,
I think I know in advance the answer to my question from a quick search and also from the ibox even tho' that info appears to be dated from 2008: "RSX is the only United States-based ETF that is focused on the Russian stock market".
What anyone be aware of any vehicle that acts directly like an inverse ETF to the RSX traded in the U.S.?
The Market Vectors Russia ETF (NYSE: RSX) has found itself under pressure when Turkey shot down a Russian jet on the Syrian border.
Russia is not expected to take this matter lightly, as one of the two pilots was shot to death from the ground, and one of the marines who took part in the rescue mission also died.
However, despite the fact that I have argued for an RSX bear thesis multiple times, I think this tragic incident will have limited consequences for the fund.
Lithuania says keep sanctions in place
...also OPEC expected to give no production cuts, Oil should drop dragging down ruble and RSX as well
$RSX chart - BEARISH KICKING reversal pattern formed Fri. - 200 DMA @ 19.79 $Key resistance level to break - the 50 DMA @ 17.10 is the $key level to hold - the 50 DMA bullish crossed the 100 DMA -Fast Sto & RSI corrected from overbought levels -MACD starting to hook -
Definition
This pattern consists firstly of a white Marubozu and then a black Marubozu. After the white Marubozu, the market opens below the prior session’s opening, forming a gap between the two lines.
http://www.candlesticker.com/Pattern.aspx?lang=en&Pattern=2210
Nice bounce in price today. The worse is behind us. Time to buy another OPTION. CALL
Weekly chart shows capitulation, huge volume, up on the week. Calling the bottom here.
* * $RSX Video Chart 12-16-14 * *
Link to Video - click here to watch the technical chart video
RSX is a bottomless pit. Oil tanking, ruble tanking and RSX still going much lower. Only thing Russia's got going for it is minerals, vodka and Kalashnikov's. Nothing else that's anybody wants to buy. given the geopolitical risks with Russia, stick a fork in it. I'm convinced that Putin has got a major Napoleon Complex and he'll single handily bring Russia down. Can you sing it......back to the U.S., back to the U.S., back to the USSR.
http://aidanonthemarkets.blogspot.com/
I think this FOREX guy has weight. He likes this Index as well as the stock he just got into that has a mobile payment system. Probably in China and Russia.
Scalped a little on the last trade, then bought it back too soon.
Bought some RSX today.
Looking good today.
Sberbank Of Russia ADR SBRCY
AnalysisPerformanceKey RatiosFinancialsValuationInsidersOwnershipTranscripts newFilingsBondsOverviewCompany ProfileIndustry PeersLast Price
$8.43 Day Change
0.21 | 2.55 % As of Tue 09/16/2014 4:05 PM EST | USD Open Price
$8.27 Day Range
8.24-8.53 52-Week Range
- Yield
3.75% Market Cap
45.5 bil
Volume
1.6 mil Avg Vol.
674,170 P/E TTM
4.6 Price/Book
0.9 Price/Sales
1.5 Price/Cash Flow
4.1
I've been out for a few months. I got the bounce after they took Crimea, but haven't stepped back in.
I have been trading in SBRCY, and I currently have a very low average cost.
It's hard to get any news from foreign countries unless it's bad. It's almost like they don't exist if they are good.
Go to the quote search at the top.
Get a quote for RSX, and the tabs will appear.
Click on the "portfolio" tab.
That will give you three sub-tabs below the main tabs.
Click on the "holdings" tab.
Best Practices for Trading ETFsConsider these tips when you buy and sell exchange-traded funds. How ETFs Keep the Taxman at Bay
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i am here, whatzzz next step?
http://www.morningstar.com/Cover/ETFs.aspx
You can find a list of their major holdings at morningstar.
That site is the first place I go for DD.
You should tab to portfolios, then hit the holdings tab.
http://www.morningstar.com/
And that's the free section. No login.
in this trust, do you have them by name? cramer said buy russia.
I am keeping my eyes on it.
Thanks.
I've been trading it.
I know what happens when Obama gets a burr under his saddle and accuses somebody of bad behavior.
I'm long coal. LOL.
Welcome to the world of emotional traders and general misinformation.
Here is a RSX covered call idea.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=105690052
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This board's subject is fundamental and technical discussion about Market Vectors Russia ETF Trust Shares, RSX. Please keep your posts on topic because your message(s) will be deleted when:
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The Market Vectors-Russia ETF (the Fund) seeks to replicate before fees and expenses, the performance of the Russian stock market, as represented in the DAXglobal Russia+ Index1 (DXRPUS), by investing in stocks and Depositary Receipts (DRs) of publicly traded companies that are domiciled in Russia. DXRPUS, calculated by the Deutsche Borse AG, is a market capitalization-weighted index composed of publicly traded Russian issuers engaged in various industries, including oil and gas exploration and production, telecommunications, steel production, metals and mining, and electricity generation. As of December 31, 2007, the DXRPUS represented 40 publicly-traded Russian issuers. RSX is the only United States-based ETF that is focused on the Russian stock market.
http://www.vaneck.com/index.cfm?cat=3192&cGroup=ETF&tkr=RSX&LN=3_02
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