02-14-2013, 09:50 AM | #3147 |
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Any thoughts on BBRY today? It's throwing me for a spin.
Put in a buy order at 13.10, but I missed it. Now kicking myself. Last edited by PSUSMU; 02-14-2013 at 12:24 PM.. |
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02-15-2013, 04:45 PM | #3148 |
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Posted earlier this week that I am seeing a IT top and needed to hedge all my long positions...sold half my BBRY earlier this week and put a stop on rest at break even point...will hold FB and AAPL as I am hedged with short positions.
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02-18-2013, 09:28 AM | #3150 |
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Vanity--are you setting up at TVIX trade? I'm eyeing that this week. Volitility at an all time low and with sequestration looming, I'm sure some Vol will get kicked back in.
The only kicker is how much government intervention (money printing) will suppress the volitility. -------------------- Lastly-anybody else here a subscriber to TastyTrade? |
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02-20-2013, 09:44 PM | #3151 |
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Rotation is just barley starting: out of hi betas, into staples (KO, MCD), and into other dividend paying stocks (safer). If you haven't closed out some of your longs, now is the time to do so. We're in for a correction. IMO, today's decline is considered a buy and we'll try one more time up before we see a true top.
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02-20-2013, 09:59 PM | #3152 | ||
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P.s. never touch TVIX, the vehicle does not track it's NAV correctly and will piss you off trying to capitalize on VIX spikes. Go with VXX. Never touch 2x Vix etfs unless you seriously want to not be able to cover your losses when it goes down.
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02-21-2013, 01:50 AM | #3153 | |
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02-21-2013, 10:12 AM | #3156 | |
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Called for IT top a week ago...hope you guys listened...yeah the big picture over the next year is still up but hard to ride out a IT top unless you hedge your longs with short positions. Divergences showing up weeks ago....sentiment was too high...need a reset. |
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02-21-2013, 04:16 PM | #3158 | |
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Would you say the same applies for any leveraged (double/triple) underlying? Since you mentioned this, I will watch this trade tighter. Thanks. I'm on the right side of the trade (thus far) but will watch the decay. |
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02-21-2013, 04:29 PM | #3159 |
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02-22-2013, 12:20 AM | #3160 | |
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Also, I averaged my XIV position today into the black. Sold earlier in the day and then bought back into XIV at $20.89, right before that epic vol collapse today. VIX was definitely over priced on the ST and this will cause a bounce back rally that might go to 1520 or even 1530 before a large (possible) correction takes place. 1500 held well today. As of this writing, SPX was up around +6 on ES. +1. Money must be an army that we send out daily. And what we want is for them to take back prisoners so we can send them out to get more prisoners.
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02-22-2013, 02:46 PM | #3161 |
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Thanks Vanity-I locked in a profit in TVIX and got out. Thanks for the tip.
Waiting for a GLD, SLV bottom and go. Will try my first option trades (covered calls and naked short puts) once I get my account authorized. To All-any advice to a newbie in Options? Should I go directly into a spreading strategy? (verticals?) |
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02-23-2013, 02:39 AM | #3164 | |
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02-23-2013, 01:52 PM | #3165 | |
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02-23-2013, 02:58 PM | #3166 | ||
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