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Steve McIntosh replied to the topic I'm Out in the forum UVXY, TVIX, VXX, XIV, SVXY, VIXY, VMAX, VMIN 6 years, 7 months ago
VXX AH pricing is out of whack. TVIX, UVXY not affected. Any clues anybody?
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Steve McIntosh replied to the topic No more naked selling of UVXY calls for me… in the forum UVXY, TVIX, VXX, XIV, SVXY, VIXY, VMAX, VMIN 6 years, 7 months ago
Very insightful discussion. Thanks all.
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Steve McIntosh posted a new activity comment 6 years, 7 months ago
Thanks for reminding us to focus on the forest and not the trees!
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Steve McIntosh posted a new activity comment 6 years, 7 months ago
Thanks, great post
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Steve McIntosh started the topic VXX vs SVXY for scalps in the forum UVXY, TVIX, VXX, XIV, SVXY, VIXY, VMAX, VMIN 6 years, 7 months ago
For short term scalps (one week or less), is there any advantage of shorting VXX over SVXY? Or, does the advantage of VXX only appear over greater lengths of time?
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Steve McIntosh replied to the topic I'm Out in the forum UVXY, TVIX, VXX, XIV, SVXY, VIXY, VMAX, VMIN 6 years, 7 months ago
@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]
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Steve McIntosh posted a new activity comment 6 years, 7 months ago
Staying nimble. thanks Seth.
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@edgeofreason, have to maintain level head, step back and look at the forest through the trees and size positions responsibly to give oneself a long timeline to reap profits.
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Steve McIntosh replied to the topic Short VXX and UVXY with protection against Black Swan in the forum UVXY, TVIX, VXX, XIV, SVXY, VIXY, VMAX, VMIN 6 years, 7 months ago
Oh, one more question, sorry: If you are shorting a spike, what’s the purpose of selling the OTM put? It only degrades the profit potential. If you have high confidence in the downtrend, seams a bit of a waste. But, if you aren’t quite sure if you’ve hit a home run, then I can see how selling the OTM put will ease the pain a bit. With VXX and…[Read more]
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Steve McIntosh replied to the topic Short VXX and UVXY with protection against Black Swan in the forum UVXY, TVIX, VXX, XIV, SVXY, VIXY, VMAX, VMIN 6 years, 7 months ago
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.
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Steve McIntosh replied to the topic Short VXX and UVXY with protection against Black Swan in the forum UVXY, TVIX, VXX, XIV, SVXY, VIXY, VMAX, VMIN 6 years, 7 months ago
@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.
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Steve McIntosh replied to the topic I'm Out in the forum UVXY, TVIX, VXX, XIV, SVXY, VIXY, VMAX, VMIN 6 years, 7 months ago
Thinking $SPY could go for a gap fill tomorrow at 283.36 before reversing and heading higher. Reserving 60% of available short vol capital for now.
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Steve McIntosh replied to the topic I'm Out in the forum UVXY, TVIX, VXX, XIV, SVXY, VIXY, VMAX, VMIN 6 years, 7 months ago
I dumped my XIV. Rebuilding with VXX so I can ride this one out with some actual decay.
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Steve McIntosh replied to the topic VIX futures and backwardation in the forum UVXY, TVIX, VXX, XIV, SVXY, VIXY, VMAX, VMIN 6 years, 7 months ago
Thanks for the insight Seth and Alex. Much appreciated.
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Steve McIntosh replied to the topic VIX futures and backwardation in the forum UVXY, TVIX, VXX, XIV, SVXY, VIXY, VMAX, VMIN 6 years, 7 months ago
hoping for some kind of end of day relief. This kind of price action is hard to watch.
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Steve McIntosh replied to the topic They're Not Letting up in the forum Volatility Playground: Causation of the day! 6 years, 7 months ago
I think the sustained VIX has more to do with the distance $SPY is now from the 10 and 20 DMA. You saw it this morning when $SPY briefly dipped and yet VIX disproportionately spiked. It was very apparent that traders are immensely fearing a green to red reversal day. Turned out to be a false alarm but the true nature of the fear driving VIX right…[Read more]