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If we are range bound in S&P 1400-1300. I believe that we are close to the bottom in TYP. It's AAPL - we have to let some air out of that balloon!
Anyone else building a position in TYP? I'm in 6K shares at 10.05 cost basis.
Waiting for a AAPL 10-15% correction.
Sold @ 6.10 last week - good thing!
What's the exchange rate for clams to dollars? Clams to Loonies?
Clams to Peso's?
Opted out of UVXY@ 6.10 - took my .35 on 5K shares and decided not to play the Reverse Split....too risky.
Still holding 1K of TVIX from 2/7 (14.05)
There is more downside on the market - my bet is 5% in total. Using TPY, SQQQ, SPXU - those behaved as advertised. Although TPY is 3X Tech - Apple is holding this up. Maybe a $50 drop in Apple would help!!!
Anyone? Why would NASDAQ be down .41% and SQQQ be down .487%, TYP down .795%, SPXU is my only true bear that is up .405%.
Thought these instruments would be a little more straight forward!!
I not even going to try to understand UVXY...getting close to being stopped out at 5.15
Still holding TVIX at 14.05 from 2/7
Yes, thanks for posting.
Now if I could find a reason to be holding onto 5K shares of UVXY I'd be happy. Just about stopped out today @ 5.15.
TVIX up .72% and UVXY down 3.51%
Anyone have any guesses as to why? The pending Reverse Split?
Hold 5K shares - day 2. Looking for 6.75 as an exit.
Still holding TVIX from 2/7 - it's free and clear.
I holding out for a buck on UVXY - 6.75 - has to happen before the March 8 split! Thinking after the LTRO is handed out and the market will no longer have any "hopefuls" or "anticipation of" out there. Could clear the way for a correction.
Was the reverese split announced already. Sorry few things going on this morning. Sell uxvy is what your saying, correct?
Devil -I'm riding along on UVXY - decent position 5K@5.75. Do we make a clean buck out of it today?
Devil -I'm riding along on UVXY - decent position 5K@5.75. Do we make a clean buck out of it today?
Well Durable Goods fall most in 3 years, housing prices fall and
those pesky German ministers keep saying what everyone thinking - "just let the Greeks out of the Euro".
Yes - TVIX and UVXY move today. ;)
For those of us who just woke up out west - can you explain why the call over 17?
UVXY the same I take it. Looking for .50 from 5.75
Going with Devil - Bought in 5K UVXY@5.75.
Have a buy in for TVIX at 15.95
Let's see.
That there is written like a politician!! Give each side a little hope, but mostly keep them guessing as to what you really mean.
Still with ya. Wish I would of picked up more.
I did build positions in
TYU
SPXU
both in the very low 10's.
I put in a limit order at 14.90.
Still holding 1K(free and clear) from 2/7.
Still betting on a correction of 3-5%.....sometime soon.
But volatility and stocks are increasingly moving in the same direction, a sign to some that the market could be nearing a top. The VIX and equities have moved in unison in nearly one-third of trading sessions this year. During 2011, the VIX and the S&P 500 moved together in less than one-fifth of all trading sessions. The trend is “very bearish,” said Mark Sebastian, chief operating officer at OptionPit, an options education firm in Chicago.
“It’s like we’re in the eye of the hurricane right now. There’s no rain, everything seems calm and relaxed. We went through the front of the storm [late in 2011] and we’re waiting for it to begin again,” he said.
Maybe a little dramatic....I'm just looking for a 3-5% correction, but I'll take 7%!!
I'm running this as hands on learning experience. This is a new one for me - ETN's, but I'll wait and see what happens. Should be interesting. Started with 5K shares and sold off 4K which covered my cost plus a couple K's. Letting this ride.
I've been building up a positions in SPXU- 10.10 and TYP 10.45 - planning on a pull back.
Well? How will TVIX trade tomorrow on that CS disclosure?
I put in for 1K @ 15.95.
Still holding 1K @ 14.05
Bought up some SPXU also this morning. Obvously I'm convinced that once the details of this Greek deal comes to light, Europe contracting, oil at $105 - climbing.
The market is looking for something to correct on. There is plenty of news out there. The question is will we get 3% down? Might be really shallow.
Where is everyone this morning?
Sleeping better - I agree with that.
Minimal Bear exposure for Tuesday.
1000 - TVIX
500 - SQQQ
2000 - TYP
Eliminated 80% of short positions.
BTW - I don't think a small correction waits until May. Next 5 sessions - JMO
Devil,
If you're sure of a 3-5% drop - why are you out of TVIX? 3-5% drop is probably a 24 on TVIX,no?
I'm still letting my paid for 1k shares run - 14.05 cost basis. Since this is pure profit - is it wrong to hold and wait for the maybe, more than likely, what if it happens in May, drop.
RLB
I thought Phil Collins always said that, or sung that.
Still holding 1K at 14.05. Letting it run - I agree that if the market runs up and gets settled - loading up again around the same cost basis, mid-14's
Day trade for tomorrow -
TYP?
REW?
SPXU?
Would like to add some downside trades - fairly heavy - $100K
Any thoughts?
No FAZ
Letting 1K TVIX ride for free - all house money.
Sm.POS in SQQQ
FAZ is just the financials - that's where I got killed to the tune of $40K - made a good part of that back with TVIX. I would rather not be in a specific sector. Financials maybe OK with the amount of liquidity - LTRO, China helping with ESF. Not as much downside from Europe. The Banks are coming back from being kicked in the teeth for the last 3 years. Maybe they don't fall that much.
Long way of saying - rather short the entire S&P. Anyone trade SDS? Or any 2X Bear of S&P?
RLB
Sold off 4K 18.72 and left with 1K at 14.05 - Can't get back in TVIX till next week - Fidelity must clear in Brokerage 401k's.
Any thoughts on SDS - S&P500 short or any 2X short on S&P? Looking for a downside vehicle. Yes, I did buy some SQQQ had 1800 and kept 500 from 13.40 - Chickened out, couldn't watch the market today - flying back and forth from Chicago.
Greek Bailout Decision Is Delayed Again: Ministers
Why can't it be just that, one headline, that's all.
Trumped by Asian pumping!
Still in flux for Greece...another comment from one of many Ministers and TVIX will take off again.
Told you one of these Ministers would say something negative.
NOt everyone likes the Greeks, or Italians or whomever. Lots of nationalism in Europe. They have fought each other for millenia
Asia is off to a bad start this morning. Once the buzz of "A Greek Deal" wears off and people are still rioting in the streets, more countries downgraded by Moody's - realization sets in that we still have some major problems going on.
We should be due for a pullback. Nasdaq has been on fire. Apple 500, Google 610, Amazon is even making a come back 191. It's been 7-8 weeks unabated.
Put in for 2000 @ 13.45 SQQQ for tomorrow. Let's see if that hits.
Been waiting for financials - hence the 40K loss on FAZ!
One should be ready to loose 50% of what you put up, otherwise don't trade. There are other more stable things to do.
Greece or no Greece, I personally believe that we have a correction here in the short term, now until Mid-March 5-7% down. What that does to TVIX - don't know, I don't have much experience with TVIX. If the correction is sharp - TVIX should make it up fairly quick, gradual decline, slow rise in TVIX. Trying not to cloud my thinking, I have lots of other positions that are making money with market going up. I have sold off other positions from the past 7 weeks. Holding on to stocks that have a decent yeild.
Are you trying to rub it in? Good up and down day, wish I could participate. If I bought more shares now at 17ish to add to my of core of 5K shares and sold today. Fidelity takes the larger gain, and sells the shares I have at 14.05 and 14.42. In the end it washes out, but I would rather leave the lower cost basis alone.
Day traders dream today. Up and down.
Problem or maybe not for me. My Fidelity 401K Brokerage Account will not allow me to Buy, Sell - and BUY AND SELL again until the first cycle makes it through the clearing house.
IOW - I can't day trade more than one down-up, then I'm out for 3-4 sessions. Kinda sucks, but hey.
I'm not a veteran of TVIX - and some say it "takes balls" to hold this thing, but I've held since early last week.
5000 shares @ 14.31 cost basis.
Holding until at least tomorrow or Wednesday. Lets see if the EU ministers are serious about giving money. 46 Members of the Greek parliment were kicked out, wide spread riots in the streets. Just how serious are the Greek people about accepting these "reforms". These politicians have to live in their own country, don't know if they want to be the ones who sold out.
Ah...the Swiss. I'll take mine with those mini-marshmellows!
In all seriousness, I will be holding TVIX approaching mid-week. There might be some trip up with the EU, one of the ministers will say - screw the Greeks. Or the Iran thing heats up...was MSNBC the only one reporting this big Nuclear Advancement?