Yeah, I still am holding SVXY. I have been trading in and out of it a bit. On this most recent buy I am up $4/share, but I am only in half the position I have been trading. I will say, a big part of me thinks regardless of the FED outcome, volatility might drop a little bit after the announcement. Just simply from the removal of that unknown element in the short term. Unless we of course sell off hard or something.
Actually, I just went ahead and locked in my gain. Sold at $52.95 thinking it was losing a little steam. I will be looking to enter again on any pullbacks, which HOPEFULLY there will be a decent one in the next 48 hours.
well I look at it that if they don't do it in september and october is off the table and janet yellen said she WAS DEFINITELY RAISING RATES this year that means the only month left for the raise in 2015 is in december, so no matter what there will be zero excuses for anyone to ponder when the fed is going to raise rates if they don't do it in September, aside from that I'm hoping the volatility stays, I haven't made on trade this week so far, kind of a boring market the last few days....
not one buying opportunity, just straight up since the opening, I think the dow could close north of 350+ today!
and I'm an idiot lol, I knew as soon as I sold it would just keep on rallying without me. Oh well, still a decent locked in profit so it is a good day! Have any of you all been trading the VIX spreads? Seems like there might be some potential the past few days in some of the flys
I know the feeling of selling and seeing it move higher but trust me on SVXY, it will come back down, don't think its going straight back up to $85+ all it takes is a 2-3% sell off in the markets to see SVXY right back in the mid 40's a break to August 24th lows and SVXY would be trading very close $35. Im holding onto to it until Thursday afternoon, for some reason I don't think it matters what the fed does markets are still going to move higher.....Im still knocking myself for not selling my TVIX at around $18-$20 2 weeks ago, its now near $10 and thats up from $5-6 range....I also own XIV in 3 separate accounts at all different price levels so thats why I don't mind if I sell of SVXY now....but still holding until Thursday!