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Small quibble, XIV, SVXY and the such aren't trading spreads. They're trading a basket. Had they traded the M1-M2 spread the results might have turned out differently but that's aside the point. People are completely able to read the prospectus and learn the product. There is no false...

Here's the guy arguing with everyone about whether it's a head and shoulders or not:

If you short UVXY you're shorting a continual blend of front and back month VX futures meaning you also have to hedge both months to be on the safe side and that hedge needs to change as UVXY rebalances. For instance, right now it's 23/77% weighted front/back VX so a UVXY short is basically 1/4...

Horrible action in these indexes lately. Sure there are big moves but not without heaps of bullshit surrounding them, and I find it hard to trust any "confirmed" action with the kind of liquidity we have in the book these days. Short term chart, SPX/ES looks like a bear flag, but after years of...

Looks like a broadening megaphone in this downtrend. I would not be surprised to see 2515 limit down before NY open and potentially a blow out down into the mid 2400s in RTH. The second equities make any serious comeback that convinces people "alright the coast is clear" they'll go right back...

All these entities who halt or stop things from further participants taking part in the market only increases volatility not decreases it. Organic liquidity stepping in stabilizes markets, especially ones suffering from a drop in liquidity.

That thing is laughable. It says right in the description: "For this reason, to copy the ABBEY TRADING SIGNAL, YOU MUST HAVE an account with the broker AXITRADER." C'mon folks, you know what the scam is here.

Right, the bet that vol will go up but only so far and not beyond that. Seems like it's a bet on the ole Yellen style market coming to the rescue just like every other time over the past 2-3 years.

And what, a shit ton of leverage? What's the guy's name?

XIV is trading at 19 right now, SVXY trading at 18. Looks like the entire vol landscape might be in for a major shakeup after this, we'll see. It can probably only be a good thing.

Lots of talk that XIV is possibly going to be terminated. Both XIV and SVXY are completely crushed in after hours trading. I think SVXY is like 18 right now. XIV also looks like 18. I think XIV is done.

:D

Yep, saw it. My pos was 0.7 -> 3, but sure selling at 10 would have been much nicer. Problem is when I closed out the move was already pretty extreme and didn't expect to see that last shift in convexity with the strength it had. Psychologically the last 3 years have been about fearing the...

In reality these are the kind of corrections that markets are supposed to normally have - but just not in this small window of time. The market structure of QE-sponsored CB fuckery has created these risks. This is why you DON'T do that shit and let markets work things out on their own or else...

2580-2600 key area on longer term charts IMO. If we head lower than that then it'll continue to be interesting.

ES trading like FDAX. Liquidity risk looms here and that's one of the main reasons I'm not putting on any positions right now.

Closed all VIX March 20 calls, ES shorts, whatever. Content to just observe at this point. edit: march not june

XIV is an ETF/ETN with a constant maturity 30 day vol accomplished by their balance of front and back month VX contracts. It's not a CBOE product and there's nothing "official" about how it tracks VIX or not.

Just forget about VIX cash/spot with the options. Your underlying is the futures and hence there's a term structure involved. If in June, the term structure stays as it is today (which is doubtful) then VXM8 should end up 20+ as it slides up the curve. In reality the curve could go back into...

Spot VIX doesn't matter for it's options unless we're talking near settlement or so. VIX options are really just options on futures - where said futures are the VX futures on CFE. I could go on forever about how badly designed this thing is (split exchanges), etc. but it's all been said before.