Markets are basically flat, with all of the gains corralled in oil/gas, retail and foreign banks. Tech stocks are pulling in a bit, which is normal following a big climb.
Not having a catalyst driven idea on the desk now, I am simply buying more XIV. The game plan for this is simple: destroy volatility. Embrace the complacency of a market that seemingly jogs on daily, without a whim or a care in the world.
VIXfags will be destroyed, one way or another. If I dedicated my life to simply buying XIV, by the end of my life, I’d be an extraordinarily wealthy man.
In about 2 hrs, the Apple event will be live. Who’s chomping at the bit to purchase a $1,000 iPhone?
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I think AAPL will have a reality check at that price point….
The rule with apple is if it looks like a bad idea it will be successful, if it looks like a good idea it will be unsuccessful
Overweight XIV into the teeth of September. Burn that shit down. Hey you never specifically mention the VIX etf’s overbought/oversold signal performance with Exodus? Hows that work out?
It works out very well
Your luck may run out on this one.
If you dedicate your life to buying XIV, you’d be extraordinarily wealthy as long as VIX futures never double in a single trading session. If they double at any point in your life, you will be left with $0.
I’ll take the opposite side of that trade.
Selling UVXY call spreads is where it’s at.
I remember the days when the Fly was smearing VXX on his chest during market downturns (too bad that POS doesn’t track for shit).
Is the experience with the inverted ones better? My impression was they didn’t track particularly well either.
It’s basically a leveraged $SPY ETF with a really fat downside tail.
This. The number of people that have actually read the XIV prospectus is ZERO.
You people are fucking idiots. XIV NEVER GOES DOWN. Watch me as I cut your heads off.
I have been waiting for this day …. I am grabbing massive amounts of UVXY as the worst trader of vix instruments has spoken ….thanks FLY
It’s important that you know, YOU SHOULD FUCK YOURSELF.