Seeking Alpha
  • Ocean Man
    What I did today: Sold 2/3 of my TVIX (41 to 60), sold cash-covd VOD $27 Nov puts (in at $26.37 would be fine by me), legged into TEF Monday
    11/1/11
    Reply (16)
    • Ocean Man: and today (ex-div tomorrow), sold AGNC (afraid of Bernanke announcing mortage buying tomorrow), bought OPEN Nov $42.50 puts at bell (thanks
      11/1/11
    • Ocean Man: bankingqueen), and bought ASCA (reports tomorrow, casino with no Macau exposure, down 8% last two days). About 30% long, bit of TVIX left.
      11/1/11
    • Tristan R. Brown: Ditto on the TEF.
      11/1/11
    • bankingqueen: One thing is for sure tmr should be interesting to say the least, also TVIX is a monster lol
      11/1/11
    • cn_habs: is anyone riding tvix first thing tmr morning?
      11/1/11
    • inquisitivemind7: I see a H&S formation on TVIX, going all in if it gets to 20-25, nimbling at 26-29. I am semi-bullish for Nov and very early Dec.
      11/1/11
    • inquisitivemind7: if TVIX drops below 20, I'm going to dig into my savings to buy it up and possibly take out loans too, not even kidding!
      11/1/11
    • inquisitivemind7: If these buy order fills, not going to sell, even partially, until we see at least 150. I can hold for several months if need be.
      11/1/11
    • Ocean Man: I have a history of holding TVIX too long and giving back gains, so sold part, but I do think it will go up after Bernanke speaks tomorrow.
      11/2/11
    • inquisitivemind7: No QE3 right now is a given, are you anticipating a variant of a "there are significant downside risks" repeat statement?
      11/2/11
    • cn_habs: Why can't Obama give a last minute speech too? :)
      11/2/11
    • Ocean Man: Some are still hoping for QE3 or a surprise even though the consensus is no QE3. Market tends to sell the Fed news whether good or bad.
      11/2/11
    • inquisitivemind7: So if Fed did blatantly announce QE3 tomorrow (unlikely), you don't think markets will soar after the announcement?
      11/2/11
    • Ocean Man: They'd probably announce it in a weird way that will later be realized to be QE3 after an initial confused selloff.
      11/2/11
    • Inzaghi009: thx for the view ocean man. What time is the speech?
      11/2/11
    • johnnyBuz: Ocean is right. Bernanke's statements have caused the markets to sell the past few months.
      11/2/11