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.
It will happen, the question is... when?
It might be a week, might be a month, might even be a year.
But if you go up 10% and then down 10% you will lose 1%. And that’s pretty much what UVXY / VIX does overtime.
The 5 year chart is pretty telling.
Oh I sure hope UVXY gets crushed to sub $10!
It’s always a shit shit show they just change things.
My hope is $8-10 UVXY. >:)
Why did they put options just drop so drastically?
Open loss is scary. I don’t mess with that. If I were to sell options I would make sure I own the stock to cover first and foremost. Ergo, I am not the right person to give you advice at this point since I don’t naked short or create options to sell. Sorry mate.
I only buy or sell already created options.
I sure hope so. I have puts.
Oh I see what your saying... you purchased them at $8500 each average price?
And now they are worth less than that?
If you bought SVXY PUT options at $70 and $100 strike price that means you thought the stock was going to go below those. It’s at $10-12 this week. You should sell those for $5800-$8500 per each option. Or cash in the option and sell each one for 100 shares at those prices and then buy the stock back for $12.
Why would you not have already sold those? SVXY isn’t going to drop much more and if you are waiting for it to drop the final $10 greed runs too high my friend.
Now if you bought CALL options to hit $70, those are worthless. And it’s not worth averaging down but just starting over.
I’ve never seen a more broken chart then SVXY 5 year. Damn what a cold shoulder.
So bummed I bought FAZ and FAS against the market instead of SVXY puts like I originally was going to do.
Haha. I literally laughed out loud at this one. I’m so sorry mate. That’s horrible. I’m 99.9% certain this won’t rise to that level by March. Lol.
But man I was not expecting that comment scrolling through these. Although I know that feeling.
Except that the SP500 just dropped 10% in a week and UVXY tripled its price.
Well it’s just people come in and say good time to buy.
Then they are in at $22 and out at $24 an hour later and saying great job everyone what a great move. I’m like seriously? -_- It’s hard not to be skeptic when that shit happens a lot. I wanted to know a bit more on your strategy and thoughts. Charters often make the most consistent gains in the market.
Barcharts is a great site.
Ohh I meant 10% drop in the market SP500. Which would then translate to roughly another 3x move in UVXY.
Yeah still could move 20-40% easily in UVXY as a trade swing in and out within a week. Which is probably what you are doing?
Which you do have in your favor the fact that the amount of shares UVXY has in circulation has drastically fallen due to the number of reverse splits, 8 if I’m not mistaken.. People might also hang on to them for dear life and up it flys.
You said, “Good time to buy for much more than a small move.”
I personally can’t imagine it breaking more than $30-35 at this point. Maybe even $40. Which to me is still a small move...?
Considering it went from $8-9 to $30. Over 3X value.
A move from $25-30/40 is small. Not even double.?
That’s why I was asking.... I get you just trade charts.
But this is one of the few stocks I’ve seen $10k become $.01 in only 6 years. Or rather has a loss index of -100%
$41mil to $27 since inception in 2011.
So what is your target sell ?
I feel much safer but put options on UVXY then buying SVXY... ‘:)
And RSI is 60-80 last few days. Also it’s based of VXX and SPX so I think you might be a bit late to the party. Charts aren’t everything. But if you think the market is going to tank another 10% then yes. Good time to buy.
I agree and I hope we are right. I’m buying April puts options on UVXY now that the option prices have relatively cooled down. That will give some time ~70 days in case it takes longer than expected.
Still kicking myself for buying FAS puts before the crash instead of SXVY. ‘:)
I could have made 900% lol instead of 200%. Always could have. I still timed it well in the market though.
Yeah and UVXY should be down but it’s up freaking 17%.
So buying put options is a golden way to go once it spikes right?
Depends on if the option chain adjusts. I was looking at april option chain. Something in the $25 range but they still cost $8-10 instead of $1-3 which is where it should be with UVXY around $35. So if they don’t drop substantially, your guess is as good as mine
The puts against UVXY
It’s cooling down now! That’s what we have all been saying, it’s time to crash! But how fast and hard can it crash. I wasn’t here for 2008-2009 crash. But the charts look like it went in stages.
So now that the RSI just went from 20 to 86. Is anyone thinking a temporary cool down before another large wave down?
Man the Market 200 day moving average is way down there.
“Some people just like to watch the world burn.”
That’s because they invested in the inverse of the market. ‘:)
I bought FAZ calls. And FAS puts.
Both basically shorting the market waiting for the pullback.
I’m up 60% in the last 3 days. Honestly I was expecting bigger returns.
Waiting for the bottom of this drop and then want to switch to UVXY puts.
My god. Vix is based on SP 500?
UVXY is based on VIX?
Do you think this is the beginning of a bigger run?
10-15% market correction?
It’s not based on inverse of Sp500? It’s base on Vix? Lol
Inverse of Russell vs inverse of SP500. More like lemon and limes lol.
But UVXY has had more reverse splits ergo probably a smaller share base.
Curious! UVXY jumped 25% but FAZ only jumped 5%? Both are ETF inverse’s? Both indexes were similar in losses?
Yes but this is the 3rd mini spike... is that still considered a prewarning?
Did we pass the 9? think it will keep rising?
I feel like UVXY is not following old patterns? Any thoughts? Are we going downhill now or potential to go up still?
Although that would be life changing, let's hope it doesn't come to that! :)
Idk about hundreds. I could see a 4-5x, $45-70 price range. As far as 5 years back I could see and it seems there hasn't ever been a 20x increase on this? Although, it's never been short as much as it is now either, so it could definitely cause a short squeeze.
Which is Nov 18th right?
This is a much slower upward hill than I was expecting. And doesn't seem like this is how it usually pops?
Is this better or worse?
Thanks for the opinions guys.
The next two weeks?