Perkins Cove $UVXY, "sonar-Con- possible aspect ratio change". $UVXY down channel may be bottoming. VIX up to 13.50 from 13.16 earlier today.
Jan 17, 3:09 PM
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Perkins Cove: This on a positive market day. "Possible Crazy Ivan".....
Jan 17, 3:11 PM
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Perkins Cove: Would like to be closer to Feb 15....but this is not an exact science. Watch for 12.66 to hold. (and rewatch "Red October".... great movie)
Jan 17, 3:20 PM
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Perkins Cove: VIX now 13.58 and climbing. Some one is getting worried.....
Jan 17, 3:25 PM
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jcllier3: Can there be a "short squeeze" with $UVXY? I think over half of the outstanding shares are short.
Jan 17, 3:26 PM
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Perkins Cove: I don't know about shorts on a levered ETF. OM or others, help?
Jan 17, 3:44 PM
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Perkins Cove: Watch the price about 15 mins after the close. And see where it is at 7:00 am in pre mkt. Be safe out there....
Jan 17, 3:48 PM
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jcllier3: Which broker lets you trade at 7:00am? My pre-market doesn't start until 8:00am.
Jan 17, 3:53 PM
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Perkins Cove: Mine niether (Ameritrade starts trading @ 8:00, but shows prices starting @7:00) I understand Scottrade allows trades @7:00. Good 2nd brokr?
Rubenov: There's no such thing as a short squeeze in UVXY or any other VIX-related product. They follow a complicated VIX options futures formula.
Jan 18, 1:21 AM
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jcllier3: That's what I figured, thanks for clarifying. Seems like UVXY is free money if shorted, it will go to zero in the long run (w/o rev splits)
Jan 18, 8:47 AM
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Perkins Cove: Agreed. The problem is your broker may not have shares to short. Also, if you do have shares short, you may not be able to also play long...
Jan 18, 9:01 AM
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Perkins Cove: ...UVXY with the same broker. (hedging). A solution would be a second broker, or playing XIV (inverse), possibly x2 to match UVXY's leverage
