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ngraf

ngraf
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  • What Happens If The iPhone 5 Flops? [View article]
    ALL the cool kids are doing it.
    Sep 10 09:09 PM | Likes Like |Link to Comment
  • 3 Big Reasons Apple's Ascent Will Slow [View article]
    I would like to suggest a good alternative strategy for making continuing profits on AAPL. I have been trading Bullish PUT Spreads on deep out-of-the-money PUTS very successfully. I write the spreads $20 below the current price by selling puts $20 below the current price and buying the same number of puts $25 below. I'm using weekly options that expire rapidly and have made a nice profit on each trade. I also figure that if the shares do drop $20 it's a good point to buy shares at the price you sold the puts.
    Jul 13 12:05 AM | Likes Like |Link to Comment
  • Stocks stumble just a little following changes to the FOMC's economic forecast which show an upgraded view of the economy and inflation's speed - not the sort of estimates put together by a group fixing to launch additional policy easing. DJIA +0.3%, S&P 500 +1%.  [View news story]
    Sounds like election year rhetoric to me. Drive the market up for Obama.
    Apr 25 11:21 PM | Likes Like |Link to Comment
  • Contango And Backwardation's Relationship To VIX Futures Convergence [View article]
    I just looked at the three year chart of VXX and saw where there was a 1:4 reverse split on Jan 9, 2010. Without that the VXX would currently be at about 4.25. Looks like this could very easily go to zero. Your right about not buying and holding. I guess this is a day trade only security.

    Norm
    Apr 25 09:07 AM | Likes Like |Link to Comment
  • Contango And Backwardation's Relationship To VIX Futures Convergence [View article]
    Thanks again. I'll be careful writing naked calls. The time premium sure expires quickly on the weekly calls so it does become tempting. I have not been successful buying the underlying shares. It seems like they only go down. Whenever I buy the underlying shares and write covered calls, I lose more on the share price than I gain on the options. Am I missing something on VXX? It seems like it has been trending down from 480 in 2009 and has very litlle upwards movement. If I compare VXX to VIX over a three year time, VXX is down more and shows very little movemnt to the upside when the VIX spikes. Shouldn't it track the VIX more closely?
    I appreciate your thoughts.

    Thanks again, Norm
    Apr 24 11:24 PM | Likes Like |Link to Comment
  • Contango And Backwardation's Relationship To VIX Futures Convergence [View article]
    Thanks for your description of how VXX works. This is very helpful. I have found writing weekly calls against VXX to be profitable for me, but I'm concerned with the naked position.

    Norm
    Apr 24 06:43 PM | Likes Like |Link to Comment
  • After a decline in volatility to multi-year lows amidst maybe the best Q1 ever for stocks, some traders see Q2 shaping up differently. June 55 calls on the VIX (VXX) traded 30K times early today and June 42.50 calls 15K. With the VIX at $15.23, these bets will pay off only if volatility soars.  [View news story]
    Is it better to trade VXX options or VIX options?
    Apr 2 08:02 PM | Likes Like |Link to Comment
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