iBankCoin
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
20,420 Blog Posts

Shorting Volatility Again, For the Sake of My Great, Great Grandchildren

When my estate is divvied up and my net worth tallied, I imagine my great, great grandchildren will come to blows over who will inherit my XIV holdings. By that time, they’ll be worth billions of dollars — an appreciation enjoyed through decades of constant and persistent beatdowns of the VIX index.

The market will be north of 500,000 and people will travel to work in fucking teleportation machines.

I originally bought XIV a week ago around $120, bore witness to it as it shot to $130, and now watch it again whilst eating potato chips at $119.

Now’s a good time to buy, as far as I am concerned. With the Dow off 400 and people running in the streets of DC with their hair on fire because of the Nunes memo, I think today’s subterfuge is sufficient to extract value out of the tape.

If I’m wrong, I’ll simply redeploy my Martingale Stratagem on Monday and keep buying until it is immensely profitable.

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45 comments

  1. heaterman

    OSTK taking it up the poop chute.
    Dry.

    Meanwhile AMZN continues to endow the wealth of the entire world on Jeffey Beezoos.

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  2. husaria

    At 118 and still dropping. Guess exodus or whatever you call your etch a sketch these days isn’t working too well, no? Try shaking over head again, yes?

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    • speerothekid

      10 minutes after post this shitdick is already trying to call the trade a fail even when within the post he specifies he’ll martingale the position Monday.

      Fly you really have some homeless imbeciles in these halls sometimes.

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  3. acehood

    How’d that strategy work with your 4 horsemen a few years back

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  4. john_galt

    This shit is just too funny.

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  5. ibankyourmamastwat
    ibankyourmamastwat

    istankcoin is a disbarred ex soes trader who was fined for abusing the system

    he now tries to pose as a hip trader but we all know he’s just another twat , licking hillary’s gray kunt

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    • numbersgame

      “a disbarred ex soes trader who was fined for abusing the system”

      link?

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  6. ibankyourmamastwat
    ibankyourmamastwat

    this fa66ot blogger posts way to often to even be trading. he’s a paper trading twat

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  7. ibankyourmamastwat
    ibankyourmamastwat

    This scumbag is on Michuads payroll

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  8. sarcrilege

    It’s good to know that all those commentors berating Fly for his past trades hold no grudge, are fluent in sarcasm, are here because they require no hand-holding like retarded degenerate toddlers and most important of all, their trades are a string of perfection. well done all you ass bleeding oversized tampon packing gender confused millennial basement dwelling snowflakes.

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  9. ibankyourmamastwat
    ibankyourmamastwat

    fly is a noismaking twat, useless in the short and long run

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  10. ibankyourmamastwat
    ibankyourmamastwat

    I know for a fact he’s a level 3 pimp

    level 1 the real scammers
    level 2 sykes, michaud, that crowd

    level 3, the last scum to pimp the garbage. thats fly

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  11. jonnybegood2

    prolly should wait until monday – but nibbling. XIV. just over 116, ETP 19.31 w ex div next week, V at 121, ARCC 15.85. fishing for a bit more – AMLP again before divvy. And favorite lottery pick DRNE under 1. may add more at close if we continue to sink. Almost hoping we do i am heavy powder.

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  12. edge

    Sold a SPY short, one dollar move. Market bounced in the area of a Fib.

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  13. numbersgame

    Stock, bonds, gold all getting smoked. Where is the money going? Are people actually holding cash in bank accounts instead?

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    • soupbone

      The market is a zero sum game and contains no money, the money went to where it came from.

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  14. ferd

    “Grandpa, Great Grandpa referred to ‘billions of dollars” in his will …What are dollars?

    “That was a medium of exchange before we were implanted with the bityuan.”

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  15. ibankyourmamastwat
    ibankyourmamastwat

    short vol was gay

    you like gay , right tushy jocky?

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  16. ibankyourmamastwat
    ibankyourmamastwat

    vol thru the roof , and this nigga was short vol

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  17. ibankyourmamastwat
    ibankyourmamastwat

    big old ugly red candles, like the big red dildos fly sticks up his gay ass

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  18. husaria

    Oopsy daisy…..115 now

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  19. ibankyourmamastwat
    ibankyourmamastwat

    nothing to say you piece of shit?

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    • chuck bennett

      Just because you are broke and lost all your pennies today doesn’t mean you get to cry about to us.

      Nobody cares your mother is now your uncle.

      Just kill yourself already.

      Regards

      Chuck Bennett

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      • ibankyourmamastwat
        ibankyourmamastwat

        just becawse you’re flys gay lova, dont mean u have to stik up for the poofter

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      • jonnybegood2

        kudos for trade ideas amongst this rubbish. why do you like CRK as opposed to say FANG on a drop. Amazing how every energy bull on CNBC now has WTI going back to 0 based on one day’s action.

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    • numbersgame

      10 comments? Really? No useful info to a trader or investor. All just “Look what already happenned” + profanity

      I’ve never posted this before, but…Fly, ban this tool already

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  20. cancel19

    Looks like some disgruntled troll has one hellava hard on for Dr. Fly. Who be the faggot now buster.

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  21. NON Solo

    2/10 year yields are actually widening. If they were flattening, they I’d get worried. Oil has bounced off it’s lows as well and held up well. I remember Jeff Macke saying on this site markets never better on Fridays for whatever reason, so maybe wait until Monday to buy.

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  22. stocksnblondes

    No one seems worried at all. That makes me worry.

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    • soupbone

      The weekend will sort that out and doubt buying more will enter many minds..

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    • chuck bennett

      I see worry. Look at the VIX and the 666.

      Big deal is right.

      Earnings power is great. This is a buying opportunity

      TXN, CRK, MO, AAPL

      Regards

      Chuck Bennet

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  23. numbersgame

    US 10 yrs at 2.83%. Maybe in a vacuum, that rate makes sense. However, look at international bonds:

    Europe core:
    UK: 1.58
    France: 1.01
    Germany: 0.76

    Europe PIGS:
    Portugal: 1.99
    Italy: 2.04
    Greece: 3.63
    Spain: 1.46

    Safety:
    Swiss: 0.12
    Japan: 0.07

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    • soupbone

      They are fucked. The Euro crisis rises again. USA gets a bruise and everyone else is bloodied and dismembered. We got a ways to go here.

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    • ferd

      The markets are giving their opinion on the prospects for the USD.

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  24. edge

    That was fun.

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  25. husaria

    Should have taken guillotine days ago, yes Fly?

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  26. oilerua

    where is your adios mr Fly?
    likely in the gang of mr mcafee

    sarcasm apart , seeing your posts on a nearly daily base , about “studying the crypto” crypto X crypto that / when crypto scum was just hitting a fresh 1000-10000% or something , really made me almost vomit

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  27. lastbid

    i don’t know any other site where you can read this funny shit.
    the comments section alone makes it worthwhile to come back now and then

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  28. john_galt

    Hahahaha! Loser!

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