's tryna make a dollar out of fifteen cents
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Hey Alfa, market looking a little toppy. Might be time to buy Peter schiff's gold????
Alfa market correction 2016 Q1
Happy New Years spd, I agree just holding a few long positions. I expect a correction in Q1 2016
I just switched to short side. Looks a bit toppy here.
Alfa, we will drop before more QE in my opinion
QE infinity
We're in for new highs by eoy
Lol yellen speaking tomorrow at 3pm. Any hint of QE?
Well even a broken clock is right twice a day ...
I think QE before rate hike as well
Volatility crush!!
I'm still bullish
What a strange day. Thought the market would rally on the no rate hike news. Today just proves that u can predict the news, but not the market's reaction to the news..
Looking good. Would like to see it drop sub 20
205 is the area where most bears are planning to short. I believe we blow pass that level to retest previous highs
Yeah!! Christmas rally
I agree. Holding my oct and dec
I tripled my $ on weekly Vxx $24 puts. Locked in my gains
I see an ascending triangle that targets $211 on SPY. With record outflow from VXX and inflow into VIX, I think we'll see a big volatility crush next week
Vix getting real close to contango
Still holding...
The ViX future spread between the front and second month is starting to narrow down today.
Lol Alfa, u love messing with me
Lolol yeah in 2011 the ViX was in backwardation for 2 months.
Went long some China. Still holding my Vxx oct puts, down big time but still have hope
The night is still young...
I agree with your PM. Highly doubt someone that plays with that kind of leverage would idolize a rapper from the south with a grilled mouthpiece.
Your thoughts on the Fed VP's statement regarding rate hike
I know there's been a lot of volatility betting based on fed speak today. We may see volatility sell off now that it's over and everyone has a clear expectation of the fed's plans moving forward
Congrats man
Vp for fed will speak this Saturday about Jackson hole. I hope he mentions postponement of rate hikes so the short term fear drops
Backwardation is killer. It's all about timing it. I'd be lucky to break even now
Contango = front month VIX futures < second month ViX futures
Backwardation = front month ViX futures > second month ViX futures
VXX is designed to have a % of front month and second month holdings of VIX. Everyday they sell some front month and buy second month. If the second month ViX has a higher price, the VXX loses $ because it's paying a higher price.
Just took a look at ViX futures, September is in negative, October is positive. Could be signs of mean reversion and contango
I believe the VXX position will eventually be profitable by October as the immediate fear subsides and it goes back into contango
Thanks spdpro. I know, we should've done our research before going head first into an instrument that we don't clearly understand.
Lol yea that move screwed my Vxx puts over big time
A $VIX expert told me when the VIX is in backwardation, it's best to avoid volatility based etns
Talk about a shake out today
Talk about a shake out. We're going higher