usctrojancpa
Well-known member
Sold 15 Feb $30 VIX calls for $.40 this morning on the pullback. I did place a stop loss on this trade just in case volatility wants to shoot up.
aquabliss said:Kinda funny, there's a VIX inverse security which is XIV (inverse of VIX ticker, makes sense):
https://finance.google.com/finance?q=xiv&ei
So when the VIX goes up 115% in a day, this thing should track the inverse right? But how can an equity go down over 100% in a trading session. I guess electronically things got out of wack and it sunk only 14% during trading today, but is now down 88% in after hours trading.
Tomorrow should be interesting, I have a feeling we'll be off 1000 at opening bell and circuit breakers will kick in before lunch. Cheers.
aquabliss said:Kinda funny, there's a VIX inverse security which is XIV (inverse of VIX ticker, makes sense):
https://finance.google.com/finance?q=xiv&ei
So when the VIX goes up 115% in a day, this thing should track the inverse right? But how can an equity go down over 100% in a trading session. I guess electronically things got out of wack and it sunk only 14% during trading today, but is now down 88% in after hours trading.
100% up inverse is 50% downaquabliss said:But how can an equity go down over 100% in a trading session.
https://www.cnbc.com/2018/02/08/cramer-blames-this-weeks-crazy-market-on-a-group-of-morons.htmlThis week's crazy market swings are largely due to a band of uninformed investors who got caught speculating, CNBC's Jim Cramer said Thursday.
"A group of complete morons" who traded little-known, leveraged products that bet on volatility is "blowing up" everything, Cramer said on "Squawk on the Street."
Cramer has been particularly critical of the VelocityShares Daily Inverse VIX Short-Term exchange-traded note, which is traded under the symbol XIV, and those who put money into it.
"What bothers me is the people who have never looked at a stock and don't know how to analyze it [are] out in full force today," said Cramer, host of "Mad Money."
"They've never been better about not knowing anything about the stocks," he said. "They got it all figured out," he added, sarcastically.