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UVXY dropped like a rock

Posted by rbreese on 10th of Mar 2023 at 02:14 pm

UVXY dropped like a rock to 6.09 . Sold my puts at .23 up about 50 percent based upon rumor of takeover of problem Bank 

UVXY just dropped a lot

Posted by rbreese on 10th of Mar 2023 at 02:02 pm

UVXY just dropped a lot and so did. VIX. BOUGHT some puts . 15 now about. 20 bid. Smart money sense something? 

Any chance the Bank gets

Posted by rbreese on 10th of Mar 2023 at 01:41 pm

Any chance the Bank gets a Hail Mary bailout over the weekend?  Started nibbling at .15 on my UVXY PUTS. ENJOY the time away. 

Took most of JPM longs

Posted by rbreese on 10th of Mar 2023 at 11:42 am

Took most of JPM longs off around 135 including calls. Sold majority of UVXY puts at .28 Adios men.

Almost like a mini selling

Posted by rbreese on 10th of Mar 2023 at 11:18 am

Almost like a mini selling climax with 569 new lows and 25 new highs. Breadth 3 to 1 downs versus ups 

Not sure if you trade

Posted by rbreese on 10th of Mar 2023 at 11:15 am

Not sure if you trade UVXY but I have seen most time the price drops quite a lot at days end as day traders exited quickly 

Nasdaq/NYSE Volume Ratio Says No

Posted by rbreese on 10th of Mar 2023 at 11:08 am

Nasdaq/NYSE Volume Ratio Says No Price Bottom Yet

by Tom McClellan  On stockcharts 

The ratio of total Nasdaq volume to total NYSE volume can be used as a decent sentiment indicator for the stock market. It is not without its problems, though, so one can learn to deal with its vagaries Read  More 

No  I believe I posted

Posted by rbreese on 10th of Mar 2023 at 11:04 am

No  I believe I posted them earlier Mar 24   5 strike puts! 

Closed out 29.48  on IPI

Posted by rbreese on 10th of Mar 2023 at 10:59 am

Closed out 29.48  on IPI short Thanks  BPT  Also sold most of UVXY puts at .23  boy is this wild 

Bought some JPM 130.98  Also

Posted by rbreese on 10th of Mar 2023 at 10:48 am

Bought some JPM 130.98  Also a few JPM  calls  at 2.33   134  strike Mar 24 

Did sell most of UVXY

Posted by rbreese on 10th of Mar 2023 at 10:34 am

Did sell most of UVXY puts at. 33 but not all

Next buy UVXY puts .26 

Posted by rbreese on 10th of Mar 2023 at 09:50 am

Next buy UVXY puts .26  VIX  stopping at  200 day now 

We are going to have

Posted by rbreese on 10th of Mar 2023 at 09:13 am

We are going to have tremendous   volatility now and I may focus on UVXY more puts and calls too.  

I had a great opening

Posted by rbreese on 10th of Mar 2023 at 08:36 am

I had a great opening and sold everything I had all small positions. AMD META  SOXL  GDXJ . 

Thanks junkie as I know CPI and PPI next week will keep volatility on tap.

Anyone see modest rally today

Posted by rbreese on 10th of Mar 2023 at 07:12 am

Anyone see modest rally today if jobs number not as bad as market is looking for ? Thanks 

POOR Tom is really being taken out to the woodshed today. 

Thanks . 

Out of UVXY  call  .78

Posted by rbreese on 9th of Mar 2023 at 03:33 pm

Out of UVXY  call  .78 Great day . Thanks TB  again 

Sold more UVXY calls  .67

Posted by rbreese on 9th of Mar 2023 at 03:15 pm

Sold more UVXY calls  .67

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