Well played, Ricardo.

kellykline, with SVXY at 134 and creeping upwards as I write this, you might want to take profits if you sold calls on it…

Hello ultrafeel, and thank you for participating in the forums, all the way from Switzerland! I would be amazed to see bitcoin go down to $1,000-$2,000 USD but anything is possible in the Wild West world of cryptos. BTC is above $10,000 USD now, so at least there may be some stabilizing in the works — perhaps even a buying opportunity for the gutsy….

I must admit that I have no current position in GBTC. Actually I feel that’s a good thing because I can be more objective in my assessment of it. I considered buying GBTC before the split in anticipation of small-account traders piling in after the share price becomes more affordable… but now I’m realizing that’s a risky trade because the price…[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]

My VIX 10 15 May backspreads are above water today. I wonder if I could roll them out to July for a credit.

Buying another tranche of the VXX JAN 19 10s

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]

Indeed, pretty much all cryptos are down today. No worries, as the most popular cryptocurrencies have always gone up within a few days or weeks after scares like this.

You could try the “poor man’s covered call” strategy with those LEAPs that you purchased, by selling weekly calls every week. Sometimes if you use that strategy, you’ll end up paying for those LEAP calls after a few months simply by collecting small premium payments every week.

I sold some 30-strike calls and some 35-strike calls on UVXY, all expiring in exactly a month, before the closing bell rang. I would have no problem getting assigned at those strike prices….

Richard, that is a well thought out strategy, much appreciated.

Volatility is like fresh fruit, hard to warehouse.

From the article: “Chinese officials recommended to abandon or slow purchases of U.S. Treasurys.”

Look at the holdings by nation. The Japanese have almost as much as the Chinese.

Back in the 90’s, when the Japanese were the trade whipping boys, the same way the Chinese are now, this same thing happened. Actually it was PM Hashimoto came out and…[Read more]

Chris used to be on the research team at Tastytrade, where he had the reputation of being the expert on vol products.

I think the videos on his site are excellent.

I’ll try to start listening to his podcasts as I agree, I enjoy differing viewpoints. However, I can give many specific examples from his paid subscriptions, gold and aobc, tech sector bubble are a few that come to mind( I would have to reference some past articles). His predictions have been so atrocious that he’s been labeled as JESSE FAILURE. I…[Read more]

Just need to keep in mind that TGT ex div/record date is mid February. My only other potential concern is if Amazon comes out with a bid acquisition. You would be more knowledgeable than most on this. This trade likely works out fine, but those are my concerns and I will refrain from participating. @seth-golden

Forgot to tag you @thehamno

Richard, what do you think of Jesse Felder? I can’t ever take a Permabear like him seriously. If anyone followed his trade advice, they missed out on massive gains over the last couple years. Regarding the FB dip, I added a tiny portion to my core.