How many times do we have to go through this? Volatility is always to be faded, especially when you little fuckers get panicked.
Both AAPL and AMZN smashed earnings and are higher in the after-hours. Nasdaq futures are +44 and no one gives a shit that Bitcoin is about to break $9,000 to the downside. The big VC already got liquid on Joe Schmo who was depositing his paycheck into his local Bitcoin ATM machine the past year, thinking he found the magical fucking shortcut to fame and wealth. Guess what? You didn’t. You’re not the clothes on your back or the money in your account. You’re just an insecure faggot who defied the laws of economics and got ransacked as a result.
That being said, I’ll be buying some more cryptos during the month of February.
Back to the narrative at hand. My XIV position is grand and will be grander tomorrow. I am already +10, a meager move in light of my recent successes. Nevertheless, I purchased this magnificent financial product for my great, great grandchildren and look forward to leaving it for them when I am dead, at a price no less than 100,000 per share.
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BTC, from $20K down to $9K…not a bubble… just a flesh wound, 🙂
My QQQ and AAPL options should be fine. Took XIV too, thanks for waking me up on that one Fly. I really shouldn’t have needed the help, but perfection eludes me.
QQQs GOOG problem should go away, 24% YOY revenue growth…GOOG sounds like a buy to me.
Modern medicine has mastered the re-attachment of a decapitated head, and done so with such skill that the patient is back to his regular routine.
Fly, don’t you think XIV is a crowded trade?
No, I think long VIX is a crowded trade.
The Fed and central banks purposely keep volatility down. This is free money.
Truer words never spoken.
so is front running the FED in TSY
Interesting. The thought is that long XIV (short volatility) is the “in” trade… yes there’s a lot of dumb-money on it. Just like Super Bowl wagering, or the Kentucky Derby.
So all this money coming into XIV, these ETNs do what with the inflows? They buy more calls/puts? Kind of like how GLD would buy more physical gold?
Tehnically an ETN can do whatever it wants, as opposed to an ETF that has to hold specific securities. All else equal, XIV would just short more VIX futures and hold the inflowed cash as collateral.
There might be a lot of dumb money in short vol but it can’t be crowded as there is still a volatility risk premium in the market.
There is a persistent long bias to the market, therefore there will always be a persistent desire for hedging that long…and long vix is one of the cheapest ways to do so
I know this guy anticipated the signs into 07 08 and got lucky with aol a really successful company in todays world but has fallen back on his wall st stooge mentality following last summer with the interwoven themes that were being tracked and accounted for
Fucking stooge
Dow futs are -130
Nikkei is bleeding slightly
As i fucking said: the turn will occur
X i v will not provide the fantasy bullshit for
ever
Knock knock knock knock knock knock knock knock knock
Central banks have been on heroine so long the world is lost in its own illusion. But illusions don’t last forever. Blood letting time.
Hey, you fukking moron, you just cost your readers 1000’s
you are truly a pimp and a cunt eating fa66ot.