Seeking Alpha
  • Ocean Man
    Ok, just reached the point where selling half my $XIV would cover my loss on short $UVXY, so I'm going to exit both.
    12/31/12
    Reply (10)
    • Ocean Man: UVXY shorted at $19.51 and $23.89 (avg $21.70), covered at $23.87. http://seekingalpha.com/s/a76ip
      12/31/12
    • Ocean Man: XIV bought at $14.64, sold (half) at $15.95. http://seekingalpha.com/s/ad5nf
      12/31/12
    • Ocean Man: Reason is backwardation, which we might come out of today, but I don't like to mess with it, too risky, so I'm reducing my volatility play.
      12/31/12
    • Ocean Man: Still long the other half of XIV, and still short VXX. But I'm out of the 2x play w/ UVXY - daily moves are too much for my taste.
      12/31/12
    • Ocean Man: The feeling I had when UVXY went over 30 was not pleasant LOL.
      12/31/12
    • Rubenov: Nooooooooo!!
      12/31/12
    • Welt: I'm long $XIV right now. Considering holding through the New Year.
      12/31/12
    • Toyman317: Coulda, woulda, shouda sold $UVXY when it was up 10% in pre-market.
      12/31/12
    • Toyman317: Bought some $XIV right before BO spoke and glad I did.
      12/31/12
    • det9: I am still short $UVXY from 23, $VXX from an average of 34.52.
      12/31/12