fuzzballl 11:36 am on Monday, February 5, 2018
Tags: Fuzzy ( 414 )

SVXY XIV

Pretty impressive drops…just like the good ‘ol days. Tempted to start accumulating some XIV as it drops. Can’t trade SVXY in the 401k…

#fuzzy

Jeff 11:38 am on Monday, February 5, 2018

I’m going to reverse everything to longs when we get down to 2675, or if a bounce becomes evident. I have some short SVXY stock, long VXX stock.
hcgdavis 11:56 am on Monday, February 5, 2018

I will be taking some SVXY shares this week, CB 119 so will sell some calls to recover but once we get a reversal I am going to leave it uncapped in the IRAs. In the margin accounts will set up synthetic #fuzzy and not cap them. Last spike without the cap would have made 34K on 4 contracts, with the cap kept me to 8k, still decent but a lot less than 34k.
- fuzzballl 12:02 pm on Monday, February 5, 2018
  
  I’m wanting to synthetic also…when do ya go for it? Tough call…
  - hcgdavis 12:10 pm on Monday, February 5, 2018
    
    Not yet for sure! Although starting out at 70-75 on SVXY might be a good point. Of course we could push down to 50 or lower.
    
    Could do the 75 right now for even money. Then decide where you want the disaster put.
    
    We just tagged 2665 on /ES, should at least be a pause and if not the trade triggers may kick in and suspend trading.
    
    Depends on how much risk you are willing to take.
    
    I am going to watch the 75 level on SVXY closely though.
    - fuzzballl 12:11 pm on Monday, February 5, 2018
      
      Thx!
      - hcgdavis 12:15 pm on Monday, February 5, 2018
        
        I bet a lot of people had their stops at 2665, looks like they were just ripped out but then bounced and hammer forming on the 5 minute.
        
        Is this the bottom?
        
        SVXY just jumped form 77 to 81.
        
        I am not calling it yet, but I think the 75 level on SVXY may be a good starting point.
        
        hcgdavis 12:15 pm on Monday, February 5, 2018
        
        thats about where we were last split