8/23/17 1:42 PM update: UVXY now signaling a short term sell as it trades at 32.55. SPY still not generating a short term buy signal tho. I will open a limit to short 100 UVXY at $33...spot dead on. I figger the SPY would trade to abouts 244.25..ish to generate its short term buy. The SPY calls for this Fri expiry would be "teh" lotto ticket play. I might post a trade on the SPY if it plays out this way.
You are viewing a single comment's thread from:
8/24/17 9:57 AM: Gonna cxl the short limit on UVXY and bump it up a tad. I will also spew a 1 day SPY long via the SPY 245 calls that expire tomorrow.
8/24/17 11:15 AM: I'll pick up the SPY 245 calls for 8/25 expiry here on teh retrace sub 244.20. In at .28 market.
http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=&insttype=&symb=spy&x=52&y=18&time=18&startdate=1%2F4%2F1999&enddate=2%2F18%2F2017&freq=7&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=0&maval=9&uf=0&lf=1024&lf2=2&lf3=8&type=2&style=320&size=4&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11
UVXY also signaled sell on teh cross of $33 so I'll just short 100 at $33. Target of 29.77.
http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=&insttype=&symb=uvxy&x=50&y=20&time=18&startdate=1%2F4%2F1999&enddate=2%2F18%2F2017&freq=7&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=0&maval=9&uf=0&lf=1024&lf2=2&lf3=8&type=2&style=320&size=4&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11
8/25/17 9:35 AM update: I don't expect it to happen but I would exit this trade if the asked on the 245 calls drops to .30 asked. Now at .36 bid.
9:55 update: Almost have my 100% gain here as the SPY 245C's are at .55. I will continue to move my mental stop up and "hope" UVXY trades to my sub $30 target. It's only at 31.06...."live!"
10:02 AM update. Screw it, exited my SPY trade at .70 marekt. Now I can concentrate on UVXY and the VIX. :-)
8/25/17 11:06 AM: Back in my long SPY trade but this time via the 244.50 calls that expire today. Paid .35 as teh SPY broke belowst 244.50..."live!"
http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=&insttype=&symb=spy&x=40&y=11&time=3&startdate=1%2F4%2F1999&enddate=2%2F18%2F2017&freq=7&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=0&maval=9&uf=0&lf=1024&lf2=2&lf3=8&type=2&style=320&size=4&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11
8/25/17 2:49 PM: SPY 244.50 calls now at .59, can't lose now. Still gonna shoot for .90+ on this trade but keeping a rolling mental stop 10% below the current bid of .56, but to the asked side of the trade.
thanks bought yesterday at .20 and just sold .60
8/28/17 update: UVXY approaching my sub $30 target so I will sit on a limit to cover the 100 shares I shorted at $33 for $30 asked. spot dead on. That's a nice $300 cushion to work with in case my Ty Ming on the sexy VIXen long coming is off by a tad.
8/29/17 10:30 AM EST: Time to exit this news driven freight train as me cover target was mist by .06 yesterday. Out here at 32.50 wit a $50 gain. Probly sees 32.00 before it trades thru the PM high of 37.25. Now I can concentrate on my "trade of the year" ...which is the short in the gold stocks.
http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=&insttype=&symb=uvxy&x=36&y=15&time=18&startdate=1%2F4%2F1999&enddate=2%2F18%2F2017&freq=7&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=0&maval=9&uf=0&lf=1024&lf2=2&lf3=8&type=2&style=320&size=4&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11