Friends – Activity – coastalvgi@yahoo.com

Seth Golden posted an update 5 years, 12 months ago

U.S. economy grew 250,000 jobs in October as wages rose at their fastest pace in nearly 9 years https://www.marketwatch.com/story/us-adds-250000-jobs-in-october-wages-rise-at-fastest-pace-in-more-than-nine-years-2018-11-02?mod=newsviewer_click

Seth Golden posted an update 6 years ago

Term structure still in backwardation with nearly 3 weeks until m1 expiration. Backwardation has eased a bit over the last couple of trading days and given the reduction in VIX

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Seth Golden posted an update 6 years ago

Stocks jump shortly after Trump tweets positive talks moving forward with China https://www.cnbc.com/2018/11/01/stock-market-dow-futures-slighly-higher-amid-earnings-data.html

Seth Golden posted an update 6 years ago

Private Payrolls leap in october https://www.cnbc.com/2018/10/31/private-payrolls-gain-227k-in-oct-vs-189k-est-adpmoodys.html

Seth Golden posted an update 6 years ago

Focus on Markets: Facebook (FB) reports after the close. Caixen PMI data overnight Wednesday (CHINA). Apple Inc (AAPL) reports after the close on Thursday. Friday is the release of Nonfarm Payroll report.

Seth Golden posted an update 6 years ago

Another strong trading day with our 2nd TVIX scalp successfully complete. Subscribe to our premium membership and gain access to these trade alerts.

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Seth Golden posted an update 6 years ago

After the release of PCE this morning, here is a list of the economic data to be reported this week, including the all-important Nonfarm Payroll data on Friday.

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Seth Golden posted an update 6 years ago

Current betting for Dow Futures, will change leading up to 6:00 pm EST

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Seth Golden posted an update 6 years ago

Despite the large SPX decline on the day, VIX finished the day lower. Don’t get too excited, as FRidays people take their hedges down, only to put them back on Monday for the week. But, the fact VIX isn’t budging is a medium term good sign.

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Seth Golden replied 6 years ago

@tradealerts-com These Exchange Traded Products (ETPs) are constructed/comprised with VIX Futures, so they will largely move in accordance with the movement of VIX Futures, which were higher, and not necessarily the VIX. Secondly, because the VIX Futures curve is in a state of backwardation, the ETPs have a tailwind for price appreciation rather…[Read more]
- John Wong replied 6 years ago
  
  Hi Seth, at this point, what is your target % of portfolio of your short VXX? Thanks!
Seth Golden replied 6 years ago

@quanto I’m not looking to get up to any more than 15% given the time of year. I am looking for a VXX/TVIX combined exposure of up to 15%. Thus far, still holding just 12% exposure as I’ve looked into the coming week’s expected move. We’ll see how the week shapes up before making any core additions.
- John Wong replied 6 years ago
  
  Makes sense to keep the position small during these volatile times. So let’s say if your combined exposure increase above 15% due to more market drops, would you cover part of the position above 15%?

Seth Golden posted an update 6 years ago

Looking at UVXY-long in the $65-$64s to hedge further. Otherwise, will simply ride current hedge.

Seth Golden posted an update 6 years ago

Term strucutre has increased backwardation. Long UVXY/VXX have strong tailwind presently.

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Seth Golden posted an update 6 years ago

ECB leaves rates unchanged, will end bond purchases in December https://www.marketwatch.com/story/ecb-affirms-plan-to-end-bond-buys-in-december-leaves-rates-unchanged-2018-10-25?mod=newsviewer_click

Seth Golden posted an update 6 years ago

Big curtailing of backwardation since the opening bell. Backwardation less than 3% with 20 minutes until the closing bell.

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Seth Golden posted an update 6 years ago

Current expectations for Friday’s Q3 GDP and consumer sentiment

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Seth Golden posted an update 6 years ago

US markets following in the footsetps of Europe which has the DAX down over 2%, but off of its lows going into the close. Backwardation on VIX Futures term structure has increased to 4.70% midday with VVIX breaking through 120 but currently around 118. The VIX is holding steady in the 22 range presently. End of day could exacerbate the market…[Read more]