dtatu
143 posts
msg #141906
- Ignore dtatu |
2/5/2018 7:05:27 PM
I put buy orders at 10, 5,1 LOL
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dtatu
143 posts
msg #141908
- Ignore dtatu
modified |
2/5/2018 7:17:40 PM
You can always sell MARCH credit call spreads out of money in VXX or buy FEB or MARCH put debit spreads in VIX at or in the money hoping for a return to the mean
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pthomas215
1,251 posts
msg #141909
- Ignore pthomas215 |
2/5/2018 7:20:01 PM
I know. I just want to see how this thing plays out before taking a longer term position.
nice job on buy price @ 15....good trade !
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dtatu
143 posts
msg #141911
- Ignore dtatu |
2/5/2018 8:34:35 PM
I actually think I ll play more roulette money on this one.I think this is a huge anomaly in pricing worth of speculating on. Looks like hedge funds etc. were selling at any price to get out...
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davesaint86
726 posts
msg #141912
- Ignore davesaint86 |
2/5/2018 8:56:06 PM
I saw a video (that I cannot verify the information in) stating XIV still intact. The sells after hours were force margin liquidations.
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miketranz
978 posts
msg #141913
- Ignore miketranz |
2/5/2018 9:22:55 PM
There's something happening here.What it is ain't exactly clear.
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pthomas215
1,251 posts
msg #141914
- Ignore pthomas215 |
2/5/2018 9:54:54 PM
mike tranz, i think that is a song but it definitely applies here. whats happening now is overseas markets are reacting to our market. XIV most likely opens in single digits....? maybe??
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shillllihs
6,101 posts
msg #141915
- Ignore shillllihs |
2/5/2018 10:25:09 PM
Talk on another Forum of xiv value being $4 and it folds tomorrow. And it will take years to cash out.
Incredible, maybe I buy $5k at a buck. The end of vol. instruments.
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pthomas215
1,251 posts
msg #141920
- Ignore pthomas215 |
2/5/2018 11:31:53 PM
In addition to being the creator of the now infamous XIV ETN - which was reportedly the most popular way of shorting volatility for retail investors, all of whom now face almost certainly total losses - Credit Suisse also happened to be its biggest holder.
now that the ETN appears fated for termination, is suddenly a very big problem for Credit Suisse since according to the latest public filings, the Swiss bank owned 4.79 million units, or over $550 million, worth of XIV at yesterday's close of $115.55, and roughly $480 million less at today's after hours closing tick of $15.43.
Of course, if the ETN is redeemed - and with its NAV at $4.22 according to the VelocityShare website - the loss could be total.And while the question remains who exactly is eating the losses at Credit Suisse - the bank or its clients - the market is not taking chances, and Credit Suisse ADRs have tumbled in Asian trading... because if Credit Suisse is on the hook, it would mean two quarters of profits have just been wiped out: recall that CS reported roughly $250MM and $300 million in profits in the last two quarters, which would mean that the XIV loss was roughly equivalent to half a year's worth or profits, an outcome which the regulators will be very interested in, not to mention shareholders, clients, and their lawyers.
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johnpaulca
12,036 posts
msg #141923
- Ignore johnpaulca |
2/6/2018 12:06:19 AM
Cheese
179 posts
msg #141899
- Ignore Cheese
modified 2/5/2018 6:34:01 PM
This will be my last post. Good bye and thank you, everyone.
***********************************************************************
sorry to see you leave, best of luck!!
PS...can you take Shills and his mutt with you.
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