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VIX is no longer a teenager

By Logan Mohtashami following x   2016 Jul 20, 9:06am 1,586 views   15 comments   watch   quote     share  

I forgot who asked about the VIX but here is your near 1 year low time frame if you wanted to get in before the next market drama

#Investing

1 BayArea   2016 Jul 20, 10:21am   ↑ like (0)   ↑ dislike (0)     quote        

Logan, it was me who brought up the VIX...

My apprehension in jumping in has to do with not fully understanding VIX. My professional investor friends are telling me to be very careful because people can and have lost 100% of their investment in VIX... I'm not sure how that's possible given that it's never gone to $0.

2 Logan Mohtashami   2016 Jul 20, 12:10pm   ↑ like (0)   ↑ dislike (0)     quote        

BayArea says

My apprehension in jumping in has to do with not fully understanding VIX.

UVXY

Rule of thumb with VIX, she gets interesting as a teenager... a lot action in college and into the 30's but she is a cougar she has peaked

Before a teenager that ticker symbol above, sell the rips but you need an event... % returns will be there

3 BayArea   2016 Jul 20, 2:50pm   ↑ like (0)   ↑ dislike (0)     quote        

Interesting... I tried setting a buy order for VIX and it doesn't look available to me from Fidelity. Wonder what the equivalent ticker is?

And UVXY... leveraged VIX? I'll have to pass on that, way too risky for me.

4 Logan Mohtashami   2016 Jul 20, 2:52pm   ↑ like (0)   ↑ dislike (0)     quote        

BayArea says

Interesting... I tried setting a buy order for VIX and it doesn't look available to me from Fidelity. Wonder what the equivalent ticker is?

I think you're looking for ticker symbol VXX

5 BayArea   2016 Jul 20, 3:25pm   ↑ like (0)   ↑ dislike (0)     quote        

One of the challenges with VIX that people complain about is that there isn't a fund that tracks it closely enough...

It looks like VIXY and VXX look to be the closest I can find of a dozen or so that I've overlayed.

6 Logan Mohtashami   2016 Jul 20, 3:29pm   ↑ like (0)   ↑ dislike (0)     quote        

BayArea says

closely enough

check out TVIX and know someone had to have bought it on the outset of it.... eekkks

7 BayArea   2016 Jul 20, 3:40pm   ↑ like (0)   ↑ dislike (0)     quote        

TVIX looks to be 2x leveraged...

So VXX sitll looks to be the best 1:1 option.

8 Logan Mohtashami   2016 Jul 20, 3:44pm   ↑ like (0)   ↑ dislike (0)     quote        

BayArea says

So VXX sitll looks to be the best 1:1 option.

By far, yes. 9 straight days of gains for the DOW and VIX under 12.... there is your set up

9 BayArea   2016 Jul 20, 3:48pm   ↑ like (0)   ↑ dislike (0)     quote        

So the million dollar question...

9 straight days of gains, VIX under 12, are YOU buying VXX tomorrow? :-)

Yes or no, and why?

10 Logan Mohtashami   2016 Jul 20, 3:57pm   ↑ like (0)   ↑ dislike (0)     quote        

BayArea says

Yes or no, and why?

If she (VIX) isn't a teenager that is when I would get it every time 6-12 nice entry points, sell the rips..

11 BayArea   2016 Jul 20, 3:58pm   ↑ like (0)   ↑ dislike (0)     quote        

If I had a fund that tracked VIX more closely, I'd feel a lot more comfortable.

12 Logan Mohtashami   2016 Jul 20, 4:03pm   ↑ like (0)   ↑ dislike (0)     quote        

BayArea says

If I had a fund that tracked VIX more closely, I'd feel a lot more comfortable.

We all can say that about a lot funds .. hard to get a 1 to 1... but

MASI hit a all time high today, TWTR is up big from the $14-$15 level we talked about

GPRO is the only thing that looks like a good risk....

Not much risk and award out there... HP is blow up higher as well.. no real pull back there

13 BayArea   2016 Jul 20, 4:28pm   ↑ like (1)   ↑ dislike (1)     quote        

Logan Mohtashami says

Not much risk and award out there...

Why do you think I've started to look at VIX :-)

14 BayArea   2016 Jul 21, 12:17pm   ↑ like (0)   ↑ dislike (0)     quote        

VIX up 10% this morning but VXX only up 3%

This is my issue with chasing the VIX... the best available funds don't track it closely enough

15 Logan Mohtashami   2016 Jul 21, 12:25pm   ↑ like (0)   ↑ dislike (0)     quote        

BayArea says

This is my issue with chasing the VIX... the best available funds don't track it closely enough

It is what it is... hence why I say, sell the rips, when she is leaving college that's when you need to keep an eye out on the trade.. 26 ... don't hold her as a cougar ... get out

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