• Ocean Man
    Covered VXX short in the pre-mkt for a gain of 11% in 13 days. $9.60 ---> $8.54 (split adjusted, $34.16 / 4). http://seekingalpha.com/s/7vii7
    10/9/12
    Reply (5)
    • Ocean Man: Think there might be an opportunity to short this from a higher price later this week.
      10/9/12
    • adawg304: Will going long XIV achieve the same results?
      10/9/12
    • Ocean Man: Long XIV is the same direction as shorting VXX, but I closed my short, so not sure what you're asking. Shorting gets the decay gain though.
      10/9/12
    • adawg304: I ask, because the next time you short VXX, I might go long XIV. I did not know about the decay aspect though. Thanks.
      10/9/12
    • Ocean Man: Yes, that's a match. Sometimes I buy XIV when I try to short VXX and there are no shares available to short.
      10/9/12