Anyone trade VXX lately?

[KCalhoun]

Looks like it's still trading, though lower volume than earlier

 

[SoyUnGanador]

Ken, why do you care about VXX per se, when there is UVXY for example? Why not just UVXY, which is more potent thus requires less $ in for the same amount of pop?

 

[Darc]

Ken v Soy. There can only be one!

 

[KCalhoun]

Wash sale rules, cant trade anything I traded in dec, til feb1... though VXX may be considered too similar

 

[SoyUnGanador]

Ohh, so you've got some losses in UVXY then. Which I don't understand, IMO VIX should be close to 30 now at least!!!

 

[Nine_Ender]

Ohh, so you've got some losses in UVXY then. Which I don't understand, IMO VIX should be close to 30 now at least!!!

There is an irony that Ken's tax losses because of his bad trades in UVXY have saved him from even more losses in UVXY this month. Remember, he said by Dec 31st he'd have 50K in inverses and be in a 4 week hold on UVXY making career defining money. As I suspected, none of that came even close to happening.

 

[KCalhoun]

its doing great today, VXX, SQQQ

 

[GoldDigger]

Looks like it's still trading, though lower volume than earlier

GM.

There are a couple of Volatility ETFs
gapping this morning!

 

[KCalhoun]

Yeah, doing well with them, will rebuild vxx on bounce

 

[Nine_Ender]

GM.

There are a couple of Volatility ETFs
gapping this morning!

Seriously ? Long volatility has been the worst trade in markets since October. You have to be clueless to think playing this in this market is a decent trade. UVXY has gone from 13.65 to 5.47 in 3 months.