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Anyone here played the VXX/SVXY game?
Posted on 9/26/23 at 2:44 pm
Posted on 9/26/23 at 2:44 pm
I read years ago about some doing this, so I gave it an initial try a month ago.
Used some powder to buy VXX at around $21, it's now closing in on $25 and could go higher due the political theater around the govt "shutdown".
The spike of VXX has had the inverse on SVXY, it's tanking today.
So, I plan to unload the VXX on the way up then buy SVXY on the way down, then sit on SVXY while it recovers over the next month, sell and buy VXX again
Rinse and repeat...
Anyone here played this game? Seems dangerous for anyone getting too greedy... raises hand....
Used some powder to buy VXX at around $21, it's now closing in on $25 and could go higher due the political theater around the govt "shutdown".
The spike of VXX has had the inverse on SVXY, it's tanking today.
So, I plan to unload the VXX on the way up then buy SVXY on the way down, then sit on SVXY while it recovers over the next month, sell and buy VXX again
Rinse and repeat...
Anyone here played this game? Seems dangerous for anyone getting too greedy... raises hand....
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