Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
ok MASTER. I'm i 150 shares of VIX (a lot for me) at 21.73. Today just feels like a good day for a downturn. Everyone is talking about over-exuberance. What is your sell target?
So who's holding overnight?
I understand that it's should have been way down in the past couple weeks but it wasn't because the share issue suspension. Hence the premium of actual value over implied value (value based on the value of underlying assets).
http://finance.yahoo.com/q?s=TVIX
http://finance.yahoo.com/q?s=%5ETVIX-IV
Check out the links above.
Today the premium shrank because TVIX.IV went up more than TVIX.
The premium was so high that on a good day like today, instead of all the gains being realized by TVIX price, some of the gains are going to reducing the premium.
Yeah that's what I'm thinking. The premium got jacked up because of the share issuing suspension and is now eating about half our gains.
The TVIX.IV is up around 12% while TVIX is up around 6%.
Note that UVXY (whose shares were NOT suspended) is up 11.65% while UVXY.IV is up around 13%. There is almost no premium over the IV for UVXY.
I get why the premium is eating our gains. What I'd like to know is why the IV is up less than the VIX when it should be up 2x the VIX.
Yeah WTF. "Daily 2x VIX"
http://finance.yahoo.com/q?s=%5EVIX
VIX up over 14%. Where's our 28% bump?
I realize it can't track perfectly, but you'd think it'd be a bit closer.
WTF. It seems like any TVIX gains are erased in the last hour of trading.
But WHEN is the question. And how high will S&P go before it happens.
devils. technically, how do you trade appl?
UVXY good buy at $5.30?
Also, check out UVXY. Down almost 13%. Possible buying opportunity?
I'm gonna follow you in on TZA. What's your sell target?
Yeah yesterday was weird.
I was jotting down the price of SPY and price of TVIX at different times.
There was a definite shift in the correlation. At yesterday mornings correlation, TVIX would be high 17s with SPY at 135.99. Yesterday afternoon and today its low 17s with SPY in high 135s.
Whats up with that?
BUY NOW IN LOW 17S FOR LATE FRIDAY RUN?
Master, I know you're a man of few words, little time, and many $, but any elaboration you'd care to offer would be much appreciated. I'm new to day trading.
Projections for TVIX high of the day, oh Master?
Stop loss sold out of my 200 shares (bought at $20.07) at $19.65. Thank god it did. Thinking about buying in now in the $17.70s.
Thoughts?
Bought 200 shares at $20.09. I have a stop at $19.60. Words of encouragement please?
Thanks for your response. I'm definitely looking to buy back in TVIX. I've already begun taking a short position in my portfolio. Sold out of 25% of my stocks on Monday. I think I'll buy back in on TVIX at $17.50 or wait to see where it is after hours and then hold for the big jump.
Auto sold at $18.36 due to my 3% trailing stop.
Not sure how to feel. Made 10.2% in 2 days but I feel like I could cash in a bit more. I have about 8K in cash in my account to play with (about 30% of my portfolio).
Suggestions?
I put a 3% trailing stop on my 150 shares so I don't have to watch it all day at work. Although that might be a bit too wide...
smart trading.
I knew I should have just taken gains at 15% on the day. Can't get greedy I suppose. Anyone considering buying more?
I've been watching you guys the past couple weeks. I bought in at $16.66 yesterday (150 shares or 10% of my portfolio). What is your exit strategy? Are you going to hold overnight? Do you think the TVIX will pull back significantly tomorrow or is it straight up from here? Anyone buying more today?