VXX a good buy at current levels?

failed_trad3r · Aug 22, 2012

All you need to know is how to sell tops.

from ES 1350 to 1420 in 3 weeks. What do you think???

cdcaveman · Aug 22, 2012

Quote from trefoil:

I've been sharing my little bit of knowledge, and he attended a CBOE seminar and has been reading up a lot on all this. Of course he'll paper trade first, especially since the IB interface ain't TOS by a long shot. So, he'll be approaching it sanely. Not that that doesn't mean he won't blow up, of course.
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i actually just opened a TOS account.. i have two IB accounts.. i'm all thumbs here!

cdcaveman · Aug 22, 2012

Quote from failed_trad3r:

All you need to know is how to sell tops.

from ES 1350 to 1420 in 3 weeks. What do you think???
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might push a litlte higher on you shorts.. are you short?

NoBias · Sep 6, 2012

Quote from NoBias:

6/17 [Sunday Thread started]

Approaching reverse split territory
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Getting closer. Will be interesting when/if it breaks $10

NoBias · Oct 5, 2012

The inevitable Reverse Split

zdreg · Oct 5, 2012

Quote from trefoil:

Look over in the Options forum, there was a long thread on the VIX. Atticus, at a time when the term structure was just as steep, suggested shorting the options on the futures, and hedging with SPY puts.
I put this on at that time and it wound up making money on both sides of the trade. Started this up again last week, shorting Sept and to a lesser extent Oct, hedged with SPY/SPX put spreads. We'll see how it works out. Will close out/modify when VXV is back to within one std of its normal relationship with the VIX, or by Labor Day, whichever comes first.
So the idea is to short that term structure but hedge it to keep the risk from a blowout to something reasonable. But going short XIV just because the level of the VIX is low, without looking at the term structure of VIX, is just amateurish.
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which thread in the options forum are you referring to?

ScalperJoe · Oct 5, 2012

VXX reverse split 1 for 4...again! Well it's about time.

Quote from ScalperJoe:

Some past threads regarding VXX:

http://www.elitetrader.com/vb/showthread.php?threadid=239213

http://www.elitetrader.com/vb/showthread.php?threadid=240342&perpage=6&pagenumber=1

Regarding the question of whether it "cannot go to 0", Barclays can announce a 1 for 4 reverse split anytime the VXX falls below 25:

http://www.ipathetn.com/static/pdf/ipath-split-FAQs.pdf
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trefoil · Oct 5, 2012

Quote from zdreg:

which thread in the options forum are you referring to?
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http://www.elitetrader.com/vb/showthread.php?s=&threadid=234610&highlight=vix

It's worth reading the whole thing. Lots of good info in there.

Soon2Bgreat · Oct 5, 2012

VXX up over 1400% - was definitely a good buy.

31.95(1479.17%)
http://finance.yahoo.com/q?s=vxx&ql=1

cdcaveman · Oct 5, 2012

Quote from Soon2Bgreat:

VXX currently up over 1400% - was definitely a good buy.

31.95(1479.17%)
http://finance.yahoo.com/q?s=vxx&ql=1
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hahahahah.... good one!