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Lets get Faded

Displaying entries 21 - 29 of 29 forum posts in total

Posted by The Otter Way on July 02, 2012 (08:40AM)

ETHN0LAC0H said: spread between vix and vxx is at 2.40 and falling

anyone thinking about calls? seeing a lot of support at the 15.30 level

The spread is just a gauge that has no real meaning.... I use it like a temperature gauge. Calls and Puts are not a good idea with Econ data coming in at 9:00....

You may get stuck in a position... The better play this morning was buy at 14.60 when everyone had their shot of Hopium and turn for .40 profit. But to do so, you need pre-market hours availability.

Any play today before 9 would be a roulette wheel roll....

I am again out of VXX.

Posted by made to trade on July 02, 2012 (05:27PM)

VXX still overvalued. Short it and pray VIX doesn't go up. Another day like today and you shoud get a good 6% or more if you play with options.

Posted by NASDAQsavages on July 02, 2012 (06:25PM)

im looking to start accumulating a VIX position..
Will be using index options.
VXX is a really dumb asset. Thank god i got out last Thursday.
Big ups DATSIK on the vxx articles

Complacency kills......

Posted by Datsik128 on July 03, 2012 (01:32PM)

NASDAQsavages said: im looking to start accumulating a VIX position..
Will be using index options.
VXX is a really dumb asset. Thank god i got out last Thursday.
Big ups DATSIK on the vxx articles

Complacency kills......

Haha thanks man. When you look at the long-term chart of the VXX that incorporates all the reverse splits, it makes you wish you could go back in time and buy some LEAP puts at the ETN's inception.

Posted by NASDAQsavages on July 26, 2012 (08:45AM)

So what is this general consensus here on the market.. BUY or FADE.
Im still and my week vacation.. For good reason it would seem.

Posted by treeHamster on July 26, 2012 (10:06AM)

I would fade. VIX is down for the week at 17.8 and market is almost at break even only down like 0.2% while up 1.7% (average) for the day. That is a very large portion to be up when nothing has really improved except Draghi has said he's going to try and save the Euro (which we know he can't do) as well as a week of failed earnings (AAPL was on par with it's own forecast but under WS and just about everyone else big missed).

Edit: Also with FB on tap this afternoon, I'm willing to bet it won't do as well as everyone is hoping and it'll drop more tomorrow. This will likely push some of the other big tech's like Google and Microsoft down which could easily push down COMP as well as the NDX (remember what happened when the IPO flopped, Google dropped 5% in the afternoon).