Kevin_in_GA
4,599 posts
msg #139371
- Ignore Kevin_in_GA |
11/17/2017 9:31:08 AM
5 new BUY signals on XIV. Had the chance to pick shares up at $107.50 in pre-market, but did not pull the trigger. I'll see if I can catch it there at some point today.
Limit order for 1,000 shares at $108 filled in premarket.
Limit order for 4,000 shares at $107.50 in place.
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Kevin_in_GA
4,599 posts
msg #139372
- Ignore Kevin_in_GA
modified |
11/17/2017 9:53:05 AM
Sold 1,000 shares of XIV at $108.75 for a gain of $737 after commissions.
Adjusting limit order to 5,000 shares at $107.50
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johnpaulca
12,036 posts
msg #139373
- Ignore johnpaulca |
11/17/2017 10:04:27 AM
XIV...stopped out...bulls are in control for now, stock still in pullback mode so expect sellers will be jumping in on rallies.
Nice trade Kevin!!
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johnpaulca
12,036 posts
msg #139374
- Ignore johnpaulca |
11/17/2017 10:09:34 AM
NKTR...have been trading this long since earnings, this will be the mother of all shorts.
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pthomas215
1,251 posts
msg #139375
- Ignore pthomas215 |
11/17/2017 10:11:17 AM
nice work kevin. given that XIV is up and the market is down...thought i would post this sal Khan link. it is pretty good.
https://www.khanacademy.org/economics-finance-domain/core-finance/derivative-securities/forward-futures-contracts/v/contango
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johnpaulca
12,036 posts
msg #139376
- Ignore johnpaulca |
11/17/2017 10:12:53 AM
SIG, PLCE...two others I'm currently long with a hand on the trigger if Trump tax reform fails.
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Kevin_in_GA
4,599 posts
msg #139378
- Ignore Kevin_in_GA |
11/17/2017 11:25:31 AM
That link is correct, but in application of "contango" to ETFs like XIV or VXX, each day they must sell a portion of the current month futures (F1) and buy an equal amount of the second month futures (F2). For the VIX futures, if F1 is less than F2 (which is usually the case, roughly 85% of the last five years), it means that they must sell F1 for less than they buy F2, thus degrading the returns of the ETF. In the case of XIV, the process is reversed - they sell F2 and buy F1.
When I look at contango for the ^VIX, it is always (F2/F1 - 1). For example, right now F1 (the Dec20'17) is 12.60 and the F2 (Jan17'18) is 13.85, so the current contango level is (13.85/12.60 - 1) = 9.9%
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johnpaulca
12,036 posts
msg #139379
- Ignore johnpaulca
modified |
11/17/2017 11:32:41 AM
NFLX($194.41)...reloading!!
entry will be close to $193
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pthomas215
1,251 posts
msg #139380
- Ignore pthomas215 |
11/17/2017 11:38:11 AM
Kevin, thank you. what causes the market to go back to normalcy...i.e. market is down Monday, so XIV is down appropriate amount. ?
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Kevin_in_GA
4,599 posts
msg #139381
- Ignore Kevin_in_GA |
11/17/2017 11:53:44 AM
Today is another example of me ignoring what my systems are telling me to do. I should have simply bought 5,000 shares at the open ... would be up almost $10K right now.
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