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grapeswhiz

grapeswhiz
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  • VIX Spot Vs. VXX - Answer To Adam Warner [View instapost]
    I'm the 100th follower. Do I get a prize?
    Apr 20, 2015. 10:56 PM | Likes Like |Link to Comment
  • Why I Am Hedging My Portfolio With UVXY [View article]
    Thanks for your detailed comments, slickandjake. Don't worry, I don't take anything as "advice" - rather, I like to learn everyone's thoughts, and then I decide what to do on my own. Sometimes I get good ideas from talking to people (and ideas about what I don't want to do, LOL.)

    I tend to sell options and hope to hold them through expiration, just to make the premium. My husband tends to want to trade out of them very quickly, just to make any profit he can, and then move on to the next trade. I don't know much about his plans on that one.
    Mar 24, 2015. 08:51 AM | Likes Like |Link to Comment
  • Why I Am Hedging My Portfolio With UVXY [View article]
    That's a good idea, Learner16. Thank you!
    Mar 23, 2015. 08:07 AM | Likes Like |Link to Comment
  • Why I Am Hedging My Portfolio With UVXY [View article]
    Thanks for your explanation, slickandjake. I'm asking on behalf of my husband (who does a few different things than I do, but along the same lines) and he has sold 16.00 UVXY puts expiring on March 27th. He is wondering how he can hedge those (he has an account that does not allow him to sell naked calls.) He is willing to let these be assigned rather than buy the contracts to cover. Any ideas on what you would do?
    Mar 22, 2015. 08:23 PM | Likes Like |Link to Comment
  • Why I Am Hedging My Portfolio With UVXY [View article]
    Slickandjake, I have recently sold a few puts on UVXY, also. What level did you sell, and if you don't mind explaining, what did you mean about covering with an ATM call?
    Mar 21, 2015. 10:11 PM | Likes Like |Link to Comment
  • Why I Am Hedging My Portfolio With UVXY [View article]
    Yeah, someone's going to make money on it, and that's me. I guess I'm not an everyday investor anymore, because just about the only thing I do is sell UVXY calls.

    Keep buying, people. It's paying my bills.
    Mar 20, 2015. 09:07 AM | 1 Like Like |Link to Comment
  • Why I Am Hedging My Portfolio With UVXY [View article]
    You're right, dkaroursos. It's definitely playing with dynamite. Not to be done without watching constantly, and without being aware of grave risks.
    Mar 2, 2015. 07:58 AM | 1 Like Like |Link to Comment
  • Why I Am Hedging My Portfolio With UVXY [View article]
    I don't think of UVXY as being something that moves with the VIX. I think of it as something that decays rapidly and predictably, with some fleeting and usually-weak influence on the speed of that trajectory being from the movement of the VIX. Large VIX movements upward can delay the sinking of UVXY temporarily, and even cause UVXY to spike. But like a ball thrown in the air, it comes back down. And nothing stops its descent, like it's rolling down the side of a mountain.
    Mar 1, 2015. 09:02 AM | Likes Like |Link to Comment
  • Why I Am Hedging My Portfolio With UVXY [View article]
    The two most common scenarios when you buy $UVXY: You curse the day you bought it, then you sell it low, or:
    You curse the day you bought it, then you sell it, even lower.

    The possibility of buying, then selling higher is a real possibility, but only advisable if you like playing games when the deck is stacked against you, etc.
    Feb 24, 2015. 08:42 PM | 1 Like Like |Link to Comment
  • Today: Top Of The VIX? Bottom For SVXY? [View article]
    So, what does anyone think now? Here is SVXY at the same price ($57-ish) as in mid-December. Does anyone have guesses about SVXY 1, 3, or 6 months out from today?
    Feb 16, 2015. 05:10 PM | Likes Like |Link to Comment
  • After Hour Gainers / Losers [View news story]
    That's where I get quotes too, darnoc. I was just responding to the people saying a few quotes were not as portrayed. The only one I found that was wrong was TZA.
    Feb 2, 2015. 09:31 PM | 1 Like Like |Link to Comment
  • After Hour Gainers / Losers [View news story]
    I don't know what you guys are talking about. DDD and SSYS and TRGP are down as stated. Where are you getting your after-hours quotes?

    But TZA was barely down - less than a percent. It has actually crept green by now. It was not down anything like 5.5%.
    Feb 2, 2015. 08:00 PM | Likes Like |Link to Comment
  • After Hour Gainers / Losers [View news story]
    Where do you get this data for TZA? I see a maximum of 6 cents up which is about .4% up at its highest after hours today.
    Feb 2, 2015. 06:54 PM | 1 Like Like |Link to Comment
  • Make 70% A Year With Math [View article]
    What a bunch of cynical, conspiracy-theory doubting Thomases. To the author: I appreciate this article. Convexity capture is where it's at, and anyone who doesn't know that can keep on spinning their wheels and flapping their yaps about how it doesn't/couldn't/wouldn't work.
    May 29, 2014. 08:53 PM | 7 Likes Like |Link to Comment
  • Why You Must Never Ever (Ever) Invest In A Leveraged ETN For Much Longer Than A Day [View article]
    It's funny to see this comment I wrote nearly two years ago. Now volatility is the ONLY thing I do. And never would touch those 3x index ones for a day (or overnight, or any term) trade again.
    Apr 1, 2014. 04:38 PM | Likes Like |Link to Comment
COMMENTS STATS
13 Comments
62 Likes