@red_penguin
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red_penguin posted a new activity comment 6 years, 9 months ago
Should be 5% or less after expiration tomorrow if we have another positive day in the markets. Would this be a good time for those on the sidelines to start to enter a short vix position?
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red_penguin posted a new activity comment 6 years, 9 months ago
No problem.
Update: Fidelity has banned buying of SVXY. https://www.ft.com/content/5684f2b0-0dcb-11e8-839d-41ca06376bf2
As more regulation from each broker starts to come, is this the end of the short vix trade as we know it?
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red_penguin posted an update 6 years, 9 months ago
In light of recent events, it seems as though some brokers (notable Scottrade) are tightening their policies around the shorting of various ETPs. I did some digging today and here were my findings:
1. Scottrade has placed VXX, TVIX, UVXY on its “non-marginable securities” list. Basically a blacklist of equities you cannot short. VIXY remains off…[Read more]
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red_penguin posted a new activity comment 6 years, 10 months ago
Weeks like this are tough when UVXY is up 15% while the spy is up 1.5% . Nasdaq 2% … gotta keep the long game in mind I guess =/
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Very unkind week and very anomalistic given the SPY surge as @red_penguin said. Short term pain for long-term gain, much agreed!
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Its so terrible to watch VXX this week… It looks like the year has so many headwinds for volatility trading ig this continues. If VXX rises when market as well rises, then we have the dangers of bond market…and already very hot market is lookimg for a breather and may increAse volatility. Hope i am all wrong…i almost felt like i was better…[Read more]
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As long as you’re positioned with strong liquidity Time is on your side. The complex has been far worse in the past and for similar stretches so it’s best to focus on the long term imo.
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Thank you for the quick reply and encouraging words:-)
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red_penguin posted a new activity comment 6 years, 10 months ago
Why are these moves not being posted in “trade alerts?” Following the forum in real time is unrealistic.
Also, why no add to the core on a rare move up 10%+ on UVXY/TVIX, what is the target to add more to the core?
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The post has been there over an hour and not a forum post but an activity post so it would be front and center on the site. . To post it to trade alerts for a scalp is not practical, unfortunately by the time a trade alert is written and sent the pricing is gone. Always welcome to privately message me for more personal alerts and thoughts on what…[Read more]
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red_penguin posted a new activity comment 6 years, 10 months ago
Hi Seth,
When a trade alert gets posted, will we receive an automated email?
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For the initial trade yes, meaning when it goes up on the Trade Alert board/menu tab. Right to your personal email. Then of course you can message me asking any questions about the trade, concerns or help with risk management according to your account size and what have you.
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Thank you so much for the effort and posting the information for all who need to consider the future implications of their brokerage and the possibility of adding another brokerage.
No problem.
Update: Fidelity has banned buying of SVXY. https://www.ft.com/content/5684f2b0-0dcb-11e8-839d-41ca06376bf2
As more regulation from each broker starts to come, is this the end of the short vix trade as we know it?