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re: The stock market next week....

Posted on 11/8/10 at 12:16 pm to
Posted by John Merlyn
Member since Oct 2009
2203 posts
Posted on 11/8/10 at 12:16 pm to
quote:

January 2012 $5 Dollar puts on VXX are .60 each.


Already @ .70

I predict they hit AT LEAST $2.00 each before expiration.
Posted by Tiger JJ
Member since Aug 2010
545 posts
Posted on 11/8/10 at 12:37 pm to
quote:

Are there any better products that track the VIX?


The VXX is ridiculously impaired right now due to the upward-sloping term structure. In the past 6 months, implied vol is UP and the VXX is DOWN 30%!

The VXZ is better because the term-structure is quite so upwardly-sloped, but it's still not great.

The XXV is the inverse note of the VXX. That's probably a decent way to get short vol, except for one key catch: if vol spikes such that the traded value gets to $10, then the entire note just "knocks out", and you are left not-short vol right when you probably want to be.
Posted by Chris Farley
Regulating
Member since Sep 2009
4213 posts
Posted on 11/8/10 at 1:31 pm to
quote:

Ouch


Ouch is right. I haven't checked this thread but I got out on Wednesday so I was only down about .40/share. Could have been much worse, and it's not like I have much money anyway, just a poor college kid. Lesson learned.

ETA: Thanks Jersey
This post was edited on 11/8/10 at 1:32 pm
Posted by foshizzle
Washington DC metro
Member since Mar 2008
40599 posts
Posted on 11/8/10 at 1:51 pm to
quote:

Before anyone calls me out, I'll go ahead and admit it: I missed it.


That's okay, I missed your prediction.
Posted by LSURussian
Member since Feb 2005
134846 posts
Posted on 11/8/10 at 3:14 pm to
quote:

That's okay, I missed your prediction.
If I knew that, I would not have bumped this thread!
Posted by LSURussian
Member since Feb 2005
134846 posts
Posted on 11/16/10 at 3:14 pm to
quote:

I still think we're due for a pull back,

And here it is.

I just missed it by two weeks. Not bad for an LSU graduate!
Posted by Tiger JJ
Member since Aug 2010
545 posts
Posted on 11/16/10 at 3:28 pm to
quote:

And here it is.

I just missed it by two weeks.


So we're down 75 basis points since Tuesday's election...and this is the "sizable selloff" you predicted?
Posted by LSURussian
Member since Feb 2005
134846 posts
Posted on 11/16/10 at 4:19 pm to
Turn on your sarcasm meter, DQ.
Posted by Tiger JJ
Member since Aug 2010
545 posts
Posted on 11/16/10 at 4:27 pm to
quote:

Turn on your sarcasm meter, DQ.


You've battered it to bits.
Posted by LSURussian
Member since Feb 2005
134846 posts
Posted on 11/16/10 at 4:37 pm to
I think it was destroyed long before you arrived here.
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