I think volatility keeps declining into the Fed announcement at 12:30pm EST, 6/20.
Spanish89- Opportunist Trades (2nd journal)
- Thread starter spanish89
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I think volatility keeps declining into the Fed announcement at 12:30pm EST, 6/20.
have you got a stop on this one, mate?
Been a bit of a nasty drop.
Trade was set to be closed automatically at 7:26pm last friday like i previously stated..
As i had no interest in holding trade over the weekend.
Am not sure what the closing price was,
am guessing it was a roll-over loss of approx 40-50pips (£200 - £300 though)
Thats irrelevant though, as i am still open long on the Vix,
July contract, buy price market 21.95.
Trade was at about £165 profit when i looked just after the fed announcement,
however im holding this to above 30 (£900+ profit).
Ive been very busy, and still am, will provide more detailed update to journal tonight though
wouldn't the vix at 30 be more like £6000 profit if long from 22 at £8 per point? (as opposed to £900)
And you're saying you closed it last Friday and then opened it up again?
I'm completely confused, lol.
And you're saying you closed it last Friday and then opened it up again?
I'm completely confused, lol.
Every 1point move of vix = 20pips.
As its priced in .05 increments.
Trade was was set to be closed at automatically 7:26pm UK time on friday if target (if target order hadnt been hit by then and so trade was still open,
as i was out at work from 5pm onwards on friday therefore couldn't monitor the market
but i had no interest in risking holding it over weekend or into last hour of trading friday trading even,
and so set it to close automatically at 7:26pm friday 4mins before crude oil and other big volatile markets would close.
I work weekends and so dont trade on them (plus markets all closed),
but on monday early afternoon i manually bought the Vix July contract at 21.95.
Not sure what element of that is complex to explain?? lol
I set a trade to close friday evening as i didnt want to risk holding over weekend,
and opened a new trade on the next month's contract on monday.
Just to update that im still holding the trade.
Been floating between approx £50 - £250 profit for the last week or so,
however i have no interest whatsoever in cashing in at such low Vix level!
Its obvious to everyone with even half a brain that the plunge protection team are the ONLY thing keeping the dow above 10,000 (and the vix below 40),
but hopefully they will step off the gas for a few days this week or next and so let the market tank and vix soar.
Been floating between approx £50 - £250 profit for the last week or so,
however i have no interest whatsoever in cashing in at such low Vix level!
Its obvious to everyone with even half a brain that the plunge protection team are the ONLY thing keeping the dow above 10,000 (and the vix below 40),
but hopefully they will step off the gas for a few days this week or next and so let the market tank and vix soar.
Am getting extremely fedup and pissed off with the ridiculos contrast between the moves in the Vix daily vs Vix futures!! 
Vix daily moved up 16% in 1day / futures movedup barely 5%!
And then today Vix daily is up 9% / wheras futures is up barely 3%!!
I know exactly why this occurs, and so know as expiration date nears this contrast will slim quite significantly,
however i have no real interest in holding this position for all of next week!
Im looking to dump this as soon as it nears 26 if it can get that high,
as all it will take is 3 back-to-back days of Dow falling 150+ points to get us there,
yet the fucking plunge protection team and ecb just have been refusing to allow to get near 12,000 again!!
But so as soon as i can dump this trade after a decent enough crash in dow,
i plan to buy Oil at 76.50.
Vix daily moved up 16% in 1day / futures movedup barely 5%!
And then today Vix daily is up 9% / wheras futures is up barely 3%!!
I know exactly why this occurs, and so know as expiration date nears this contrast will slim quite significantly,
however i have no real interest in holding this position for all of next week!
Im looking to dump this as soon as it nears 26 if it can get that high,
as all it will take is 3 back-to-back days of Dow falling 150+ points to get us there,
yet the fucking plunge protection team and ecb just have been refusing to allow to get near 12,000 again!!
But so as soon as i can dump this trade after a decent enough crash in dow,
i plan to buy Oil at 76.50.
And heres the chart to show why i want to buy oil at 76.50 or at 75.26.
My target will be 81.26.
There are some major resistance levels above that at 83.26 and then 86.23,
however theres way too much risk in floating around in the market holding out for those,
especially as the EU could literally collapse any minute of any day with just 1 news conference from greece!
My target will be 81.26.
There are some major resistance levels above that at 83.26 and then 86.23,
however theres way too much risk in floating around in the market holding out for those,
especially as the EU could literally collapse any minute of any day with just 1 news conference from greece!