SOLD UVXY $8, BOUGHT XIV $20.45.*
The sell order was filled at 10:45:26 AM. The buy order was filled at 12:26:38 PM.*
Well, now I'm "in the club." I will have to wait for my settlement date before I can sell. But as we know, XIV tends to gain in value. At least maybe some people will get off my back about how I've been trading.*
I still expect the "sell in May" thing to happen this year, just like it did last year. So I don't intend to hold onto this XIV forever.*
I used the cash from my previous (half) sale at $6.92, combined with this sale at $8, and put it all on "number 14," i.e. XIV. I don't know. I might be taking a big gamble here! (LOL).*
A small gain is better than a big loss.*