Seeking Alpha
Seeking Alpha Portfolio App for iPad
Finance
(1)
  • Ocean Man
    Weird action in $UVXY this morning. Four 2% back-and-forth moves in the first 30 minutes.
    12/6/12
    Reply (8)
    • shortist: I am in $UVXY from average $18.7 on Monday. Going to sell everything today
      12/6/12
    • Toyman317: Is this thing in contango? If so, how long does this condition usually last?
      12/6/12
    • shortist: Spot VIX backwardated to front month by ~$0.5. Don't believe it will last much longer
      12/6/12
    • Ocean Man: It's been in contango for about 99.5% of the past 14 months.
      12/6/12
    • Perkins Cove: 10 day reg hrs movement @ 1.62, and dropping. Fast. But don't let that put anyone to sleep.....grin (10 dsma @20.23)
      12/6/12
    • Perkins Cove: The 10 dsma for UVXY is still going down. (12 days straight) While the VIX 10 dsma has a 3 day uptrend. Visual contango.
      12/6/12
    • adawg304: So really the fiscal cliff is the only thing that will move this up, right? The aversion of which, should send it plummeting?
      12/6/12
    • shortist: Sold @ $20.8; 11% in four days, no complains
      12/6/12