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  • Stocks: The Winds Of Change Are Coming [View article]
    One of the best commentaries I have ever read on Seeking Alpha. Kudos's to Eric.
    Sep 1, 2013. 07:37 AM | 15 Likes Like |Link to Comment
  • Intel And Microsoft: Leading The PC Industry To The Next Stage [View article]
    There is not a chance in hell that I will give up my PC for a tablet or iPad, although I may get the latter as an adjunct to my PC. In addition, I never intend to get a touchscreen that causes me to have to stretch my arms a couple of feet to reach the screen. That is insanity. On the other hand, if someone builds a screen into a desktop, or something like a pullout keyboard stand, I might reconsider.
    Apr 7, 2013. 09:11 PM | 1 Like Like |Link to Comment
  • The Art Of Trading Volatility [View article]
    Interesting relationship between $VIX and VXX this morning. The $VIX continues to decline and is at lows as I type. The VXX bottomed early and is now trending ever so slightly higher. Same is true inversely with the XIV. Perhaps this indicates a change in the contango towards backwardation. Makes it hard to decide how to play.

    I should add that VXX sometimes seems to trade like a closed-end mutual fund.
    Mar 18, 2013. 11:31 AM | Likes Like |Link to Comment
  • The Art Of Trading Volatility [View article]
    Agreed. $VIX my open over 14 tomorrow. The issue becomes whether the markets like the forced austerity on the Cypriot population. This is a hard call. If they do, then the XIV could rally later. Actually, an interesting trade may be to dabble in VXX with a long straddle. I'd be inclined to sell the profitable side of the straddle early and let the unprofitable side correct. This could backfire though. Very hard call.
    Mar 17, 2013. 09:00 PM | Likes Like |Link to Comment
  • The Coming Week: The 6 Things You Must Watch [View article]
    And just what are current "healthy" currencies? Canada's?--probably. Australia's?--perhaps. Mexico's?--maybe. What else?
    Mar 17, 2013. 10:19 AM | 1 Like Like |Link to Comment
  • The Art Of Trading Volatility [View article]
    A great covered call play, BTW, is TBT. As long as Bernanke keeps pouring liquidity into the market, this 2x ETF reversing the TLT will sit fairly listless. There is enough volatility in this ETF to provide fairly decent returns over time. If it spikes up on some geopolitical rumor, patience will allow it to pull back for another play. There does seem to be occasional changes to the mean, however. I think as the economy strengthens ever so slowly there will be an upside bias to TBT.
    Mar 17, 2013. 09:37 AM | Likes Like |Link to Comment
  • The Art Of Trading Volatility [View article]
    This previous comment was directed to Macro Investor. I'm new to posting here and don't understand all the edit conditions yet.
    Mar 16, 2013. 08:30 PM | Likes Like |Link to Comment
  • The Art Of Trading Volatility [View article]
    I'm sure you have done well recently, especially since the big drop in volatility with the 300 point market explosion several months back. However, if I were you, I'd be taking some profits on the puts at this point. This market needs to correct, and when it does, it could be explosive. It can continue riding the wall or worry for a very long time, but greed begets losses.
    Mar 16, 2013. 08:09 PM | Likes Like |Link to Comment
  • The Art Of Trading Volatility [View article]
    Thanks for all the comebacks. The problem with selling naked calls is that is is hard to get level 3 options approval unless one has many thousands of dollars in their account. I agree that the diminishing implied volatility with reducing $VIX values limits the return, but the issue is whether a greater percentage return on invested capital can be had by buying the XIV versus buying the VXX puts. I'm new to this, so I am not sure which strategy would be more profitable.

    One other question, exactly when does the ETF roll over the futures contracts from one month to the next, and is the effect on the ETF concentrated at this point or more spread out over the entire month? If the former, playing the ETF's will be more profitable in contango situations at times other than the rollover period. If this question is not clear, please let me know and I will elaborate.
    Mar 16, 2013. 08:04 PM | Likes Like |Link to Comment
  • The Art Of Trading Volatility [View article]
    Steven, out of curiosity, why do you not recommend to buy VXX puts at certain points in your scenarios, such as when the $VIX starts declining from a higher peak. Seems to me it limits risk and the rewards can be rather large, at least for a short period. I would agree that what is likely a premium value for these puts when the $VIX reverts to contango should increase.

    Also, do you know why options chains are not offered on the XIV?

    Mar 16, 2013. 10:34 AM | Likes Like |Link to Comment
  • Long-term Treasury prices - off to a rough start this month - have history on their side as they try to mount a comback, TLT is higher in August 10 of 10 times since the ETF's inception. The yield on the 10-year - which hit 1.73 last week - has retreated to 1.62%. TLT -2.7% thus far in August. [View news story]
    I agree with Skyler. The extreme liquidity in the market and the penchant for world central banks to keep the spigot fully open will fuel inflationary fears sooner or later. The recent bond sell-off may be the beginning of the bursting of the bubble.
    Aug 13, 2012. 12:28 PM | Likes Like |Link to Comment
  • Google May Score in the Super Bowl [View article]
    And this is supposed to have impressed me? Forget it. Terrible ad.
    Feb 7, 2010. 08:17 AM | 3 Likes Like |Link to Comment