• Ocean Man
    Covered 2/3 of my $VXX short for a gain of 20% in 1 week. $34.63 ---> $27.73. http://seekingalpha.com/s/abuyl
    1/3/13
    Reply (8)
    • Ocean Man: $34.63 is my average of two short entries at $35.62 and $33.65.
      1/3/13
    • Perkins Cove: What's your expectation for a near term low on the VIX? I'm thinking not lower than 14 even. You?
      1/3/13
    • Brian58: Im looking at Feb UVXY calls for a near term bounce
      1/3/13
    • Perkins Cove: As the VIX goes, so go the derivatives. Eventually.
      1/3/13
    • shortist: bottom line: OM is still short VIX. So am I.
      1/3/13
    • shortist: Rial, why not lower?
      1/3/13
    • Ocean Man: It doesn't usually hang out below 14 for long. Contango is strong now, but with VIX so low, gains will be a little each day slooooowly.
      1/3/13
    • Ocean Man: With a risk profile of slow, small gains against possible large quick losses, my position is much smaller than it was with VIX at 22.
      1/3/13