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VIX is no longer a teenager
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2016 Jul 20, 9:06am 3,914 views 15 comments
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BayArea
2016 Jul 20, 10:21am
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.
_
2016 Jul 20, 12:10pm
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
BayArea
2016 Jul 20, 2:50pm
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.
_
2016 Jul 20, 2:52pm
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
BayArea
2016 Jul 20, 3:25pm
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.
_
2016 Jul 20, 3:29pm
closely enough
check out TVIX and know someone had to have bought it on the outset of it.... eekkks
BayArea
2016 Jul 20, 3:40pm
TVIX looks to be 2x leveraged...
So VXX sitll looks to be the best 1:1 option.
_
2016 Jul 20, 3:44pm
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
BayArea
2016 Jul 20, 3:48pm
So the million dollar question...
9 straight days of gains, VIX under 12, are YOU buying VXX tomorrow? :-)
Yes or no, and why?
_
2016 Jul 20, 3:57pm
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..
BayArea
2016 Jul 20, 3:58pm
If I had a fund that tracked VIX more closely, I'd feel a lot more comfortable.
_
2016 Jul 20, 4:03pm
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
BayArea
2016 Jul 20, 4:28pm
Not much risk and award out there...
Why do you think I've started to look at VIX :-)
BayArea
2016 Jul 21, 12:17pm
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
_
2016 Jul 21, 12:25pm
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
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