Hey Bruce, Stay away from VXX. Instead of a long comment, research what is contango. Unless your very lucky, these are generally a losing proposition. I will play it (myself) will sell the near month (slightly OTM call, maybe 40 delta and buy a 20-24 delta call-near month) Think of a block of ice sitting in the hot sun. You want to sell premium...not buy.
They'll be crying out for yield curve control here soon. 😃
Don't worry guys. Uncle Powell will come and rescue the stock market.
Wow! Jerome Powell is your uncle? He's my father! That means we're cousins!
Looks like crude is going over the waterfall! Hahahahahahahaaa!
/CL daily chart:
https://docs.google.com/document/d/1_czCP16P0LFHwQ_YrLjUw_X6x7iG0ggW2oxLkYCX3Y4/edit?usp=sharing
You can say the same thing for stocks on the minutes chart.
OK, I'm ready. In translation: no more cash.
Please let the panic and fear spread so I can get out of my Vol hole please. No buyers. Fire-sale.
Same here. I've been loosing on VXX calls.
Hey Bruce, Stay away from VXX. Instead of a long comment, research what is contango. Unless your very lucky, these are generally a losing proposition. I will play it (myself) will sell the near month (slightly OTM call, maybe 40 delta and buy a 20-24 delta call-near month) Think of a block of ice sitting in the hot sun. You want to sell premium...not buy.
Hope that helps!
Plus the algos might trigger and a huge selloff
Why not buy Puts?? in the short term. SLR expiring and COVID variations plus 2 percent yield on 10 yrs b4 YCC?