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The NYFANG futures contract notional value is $50.00 per point, so a 1:1 ratio against NQ would be the play. Short 1 NQ SEP paired with 1 Long NYFANG futures contract. The current gapin the NYFANG futures contract is a little smaller at 4%, not quite the 5% the NYFANG index is below ATH...

The charts are NQ SEP Futures and the NYFANG Index, not the associated NYFANG futures contract. I think the index is a better tracking point as the futures don't trade with a lot of liquidity. As stated by others NYFANG is broader than the five "Capital Letters" that make up the FAANG...

Not sure the last time this has happened, but I find it interesting. NQ on the verge of a new ATH, but the NYFANG needs a 5% move up for it to reach a new ATH. So the trades are either play NQ short for a breakout failure or NYFANG long as it needs major catch up to get back in line with NQ...

Agree, great podcast full of applicable knowledge here. Thanks for posting.

Whatcha talking about BnT? Everyone is obviously killing it today, look at those ranges on the hourly bars. :D

Musk proves his genius once again. 1. Announce on Twitter deal to send company private at stock price well above current trade. 2. Stock price rockets higher on news, crushes shorts into oblivion. 3. Claims Twitter account got "hacked". 4. No one can prove whether Twitter account was...

You must have a tap on the PPT hotline. Well timed, hope it runs for you through close.

Just in case this is the day the music stops playing, here are your NYFANG Index pain targets if the PPT sits this one out.

First the SOX cracked, then NFLX cracked, now FB looks like it will crack. Hopefully this adds some volatility to the markets for the next couple of months. I don't really care which way it goes, just so long as there are some violent swings to play out here. I'll be bummed if things...

OI - Do you use past earnings price action history as an indicator for your picks? For instance, looking at the price performance after the last 4 earnings announcements.

I like you approach to average down on your option plays. Averaging down on options is much different than averaging down on a directional stock or futures trade as the limited option risk is reduced so long as the average down is with the same strike and expiration. Whereas a continued...

That will teach me to talk trash about the FAANG. In the first two hours of trading, NFLX has recovered about $40 from its opening low . After hitting an early low of $1,800, AMZN has added $50. +2.8% adding about $25B in market cap in just 2 hours. Astonishing really. In 2018 there have...

Now let's see what the market can do without an unstoppable FAANG to keep it afloat. NFLX down 12% after hours on subscriber growth miss. AMZN will complete a bearish island reversal tomorrow if the stock opens below 1813 and trades lower for the day.

OH SNAP!! Nenge could hook him up and he wouldn't need to worry about those pesky Cameroonian regulations. That is a win-win if I've ever seen one. I was going to suggest stealing the gold, moving to a dictatorship nation state, and selling some of the gold to buy off the dictator for...

The 10:00 AM and 11:00 AM trades are in the same direction. Either both will be long or both will be short. Or does the questions mean something else? Thanks

Question - so the increase in the average price oscillation in the VIX during 2018 would be a trend, but seeing larger average gains on Fridays VIX purchases versus Monday, Tuesday, Wednesday or Thursday purchases (not even sure if that is accurate, just an example) would be attributed to...

Purchasing a near out of the money FEB 7 expiring VIX calls at end of day JAN 26 should have netted close to this upon the European option cash out received.

I purchased a couple of the July 25 12.50 calls in the morning at $1.40 each just to get a little skin on it. I don't necessarily think making bets on VIX calls or puts is what's important. More so seeing some new dynamics in the market in general compared to the past several years is what's...

Without researching it, I would guess there may not be 10 instances of this occurring over the two year span from Jan 1. 2016 to Dec. 31 2017.

Summary: In 2018 when the VIX closed below 15.00 on a Friday, purchasing the nearest out of the money VIX call futures option with an expiration date two Wednesdays in the future has been net profitable. Just a little research to share. So far in 2018 there have been 13 Fridays when the VIX...