Post by
laffinatbaggies on Jun 06, 2018 12:54pm
just a trade
Bought TVIX this morning in a few spots sub $4.40 for average of $4.378. See the markets taking a small breather here before resuming up. Will get out before split or might even hold, depending on action. Still holding UVXY short and SVXY/UPRO longs that are in big profit zone already,so I am hedged either way. Prefer to be long TVIX vs UVXY when I am long as TVIX(2X) and UVXY is now only (1.5X). This is just a trade and not a long term hold.
Comment by
laffinatbaggies on Jun 07, 2018 10:29am
Added larger position at the lows this morning. Brings average cost of TVIX to under $4.283. Will be selling TVIX in approriate spots today as I don't really want to hold this during split. Worst case scenario should be flat today. That is why I was short from $6.11 until covered yesterday. People buying longside and holding the whole way down took a pounding.
Comment by
laffinatbaggies on Jun 07, 2018 11:20am
Sold TVIX at $4.41 for a small profit of 2%and made just over $1100. A profit is still a profit. Might rebuy here at lows for another day trade, but don't want to hold this overnight.