Seeking Alpha
  • Ocean Man
    Bought a pretty big chunk of $UVXY at $15.81 and I'll add to it if it drops further.
    1/4/13
    Reply (10)
    • neobliviscar: Was thinking of that too. Awful lot of complacent articles in the last 24 hours saying Fiscal Cliff &thus Debt Ceiling aren't such big deals
      1/4/13
    • det9: Good for you. I am in from 16.23. It feels like we are barely hanging on before a big sell off.
      1/4/13
    • det9: 16.18 actually. Added more $UVXY @ 15.70
      1/4/13
    • neobliviscar: Waiting until after 10am numbers. Probably buy in the afternoon for next week hold.
      1/4/13
    • shortist: Not a bit too early, considering contango levels? VIX normally spends few weeks <16 before spike. Contango it might be davastating for $UVXY
      1/4/13
    • det9: It barely took a day to break backwardation. But again, use your own discretion. I am not thinking about putting stops either.
      1/4/13
    • shortist: Think we'll get better price on Mon
      1/4/13
    • neobliviscar: Bought 3000 at $15.22. May cost average in more Monday. Not a big fan of playing these vehicles.
      1/4/13
    • det9: Probably added little bit earlier. But I have quite some longs so I am hanging in there.
      1/5/13
    • neobliviscar: Probably sell out in the AM for the quick $1500 - $2000 and buy in later if it settles after lunch.
      1/7/13