1. You are not clueless from my vantage point. On the contrary.
2. If you hedged with +dollar to reflected your view, would you have been better off? I am just asking not suggesting it.
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Once Debt Ceiling is Lifted SPY Will...
- Thread starter shortie
- Start date
2. If you hedged with +dollar to reflected your view, would you have been better off? I am just asking not suggesting it.
Quote from shortie:
What happens when the uncertainty is removed?
...the overdue USD rally should gain momentum.
http://stockmarket618.wordpress.com
had the market dropped 5% today, a deal would have been signed on the spot.
>>House Speaker John Boehner's plan to raise the debt limit and reduce the deficit will be quickly defeated tonight,
Senate Majority Leader Harry Reid said today.
The Republican-led House will vote on Boehner's plan in the late afternoon. It's unclear whether the speaker
will have enough support in his caucus to pass the measure, which would increase
the U.S. borrowing limit by up to $900 billion while cutting more than $900 billion in spending over the next decade.
....
If the bill does pass, Reid said today he would take it to the Senate floor for a vote immediately -- where the Democratic
majority will reject it.
"It will be defeated," Reid said on the Senate floor. "No Democrat will vote for a short-term Band-Aid
that would put our economy at risk and
put the nation back in this untenable situation a few short months from now."
>>House Speaker John Boehner's plan to raise the debt limit and reduce the deficit will be quickly defeated tonight,
Senate Majority Leader Harry Reid said today.
The Republican-led House will vote on Boehner's plan in the late afternoon. It's unclear whether the speaker
will have enough support in his caucus to pass the measure, which would increase
the U.S. borrowing limit by up to $900 billion while cutting more than $900 billion in spending over the next decade.
....
If the bill does pass, Reid said today he would take it to the Senate floor for a vote immediately -- where the Democratic
majority will reject it.
"It will be defeated," Reid said on the Senate floor. "No Democrat will vote for a short-term Band-Aid
that would put our economy at risk and
put the nation back in this untenable situation a few short months from now."
Like how the SPX closed right at 1300, seems like it might drop a bit more, but looks like the bottom could be in, once the debt ceiling is raised SPX will fly right back to 1340+ and go on to 1370 by the end of August, what else is going to worry this market, the European debt crisis is pretty much a non even since they are bailing out every country so after this is over markets could easily gain 20%+
Quote from shortie:
SLV down, VXX down.
is this the hint where they want to go once the debt limit issue is lifted?
Shortie: Since you seem to have traded the VXX options, I thought to ask this question (which others can also answer). Towards end of trading today, I attempted to buy an august put on VXX when it touched 24. I was thinking that strike 23 was worth 1.05, but realized later that it was strike 22 that was priced at that price (I did not realize it immediately because I thought the non fill was due to a retreat of VXX). By the time I realized the error, and I placed a new order, it was 4:ishPM.
1. When do options on VXX stop trading (is it 4PM or 4:15PM like in SPY/QQQ/etc)?
2. What is your experience with puts, assuming that vix retreats. Does the volty of VXX (volty of volty) goes down or up if VXX goes down?
Quote from tradingjournals:
Shortie: Since you seem to have traded the VXX options, I thought to ask this question (which others can also answer). Towards end of trading today, I attempted to buy an august put on VXX when it touched 24. I was thinking that strike 23 was worth 1.05, but realized later that it was strike 22 that was priced at that price (I did not realize it immediately because I thought the non fill was due to a retreat of VXX). By the time I realized the error, and I placed a new order, it was 4:ishPM.
1. When do options on VXX stop trading (is it 4PM or 4:15PM like in SPY/QQQ/etc)?
2. What is your experience with puts, assuming that vix retreats. Does the volty of VXX (volty of volty) goes down or up if VXX goes down?
1. they trade until 4:15
2. i don't look at numbers (IV) but by eye it is pretty obvious. what i see is that VXX could be lower than a few days back, but the Puts i bought back then did not appreciate.
i am experimenting with bear calls and "Long Put + Short Put in some ratio" not sure what the name of it to fight the VXX volatility drop.