@david-moadel couldn’t agree more. Hopefully, the market is starting to see that there is a legit floor that was tested several times today. On SPY, there was a series of lower highs, but also a series of higher lows. Thinking we retest these lows one last time before heading higher. But, who knows? Best not to try to predict, but just observe…[Read more]

Thanks @david-moadel. For the purposes of shorting a spike, do you recommend using an expiration date closer in like March 16, or do you recommend going farther out, like 3-6 months, as mentioned in your original post. Thanks.

@david-moadel would you mind explaining the vertical put spread for VXX in more detail? Would the ITM and OTM be of the same expiration date? Can you give an example using today’s VXX spike? Thanks.

Excellent Opportunity, like how @seth-golden and @david-moadel puts it. I’m glad I have liquidity going into this, just need to be disciplined when layering my shorts. I expect it to spike, but I sometimes short it too early.

My plan:
1. watch finomgroup for advice and guidance from the pros
2. only commit 10% of funds a day to short vol
3.…[Read more]

if you want to look at bitcoin’s past, it can get crushed and hover for months. I was early enough to the game that bitcoin has to drop a hell of a lot more than this for me to start suffering losses – so I’m lucky in that aspect. Take it for what it’s worth, but my gut tells me the exchanges and ICO’s and Mining sites are trying to accomplish…[Read more]

Dave, being that $GBTC is selling at quite the premium, do you have any play here or are you just holding your current shares of $GBTC? I had about 15 shares at one point but reduced position size along the way, and have a whopping (2) shares. if $GBTC premium falls under 20%, i am ok with adding additional shares prior to the split – but i…[Read more]

@thehamno How do u back test ? What were the results like ? ROI ?

@david-moadel What ROI are you looking for on LEAPS almost 1 year out ? Can you give an example of such spread on either UVXY or VIXY ?

I agree on the bad bid/ask spreads making it difficult to get in and out without cutting into the profits.