Anyone watching VXX?

[Gregmal]

Every once in a while these products start going haywire and it can end spectacularly. Anyone seeing this with VXX? Totally ripping and detached from the underlying VIX futures right now. Similar to USO a while ago and the infamous XIV. Might be a trade in here somewhere. 

[lnofeisone]

I'm watching VXX (it's one of my go to trades when it gets nuts along with UNG and USO). Have you caught this bit - https://ipathetn.barclays/cms/static/files/ipath/press/Press Release_03_14.pdf

 

Currently some of the divergence could be attributed to supply side limit. 

[Gregmal]

Yea saw that. Funny reading some social media around this. Stuff like, "not buying the market rally because VXX is telling us its a head fake". LOL

[Guest]

Still 50% stock, Greg?

[Gregmal]

29 minutes ago, stahleyp said:

Still 50% stock, Greg?

What you mean?

[Guest]

6 minutes ago, Gregmal said:

What you mean?

 

I might be mistaken but I thought you were 50% cash/or cash like? I should have put 50% cash instead of stock though!

[Gregmal]

9 minutes ago, stahleyp said:

 

I might be mistaken but I thought you were 50% cash/or cash like? I should have put 50% cash instead of stock though!

 

LOL like a half dozen people misinterpreted what I wrote. I remember that. About -50% cash meant 1.5x margin. Which was actually a tad higher but 50% I used just quick half assed response. So 50% cash is what you thought I meant. -50% means I’m using margin.
 

That said, as was the case earlier in the year when I said it, a huge chunk of that is cash substitutes. For instance when APTS and PSTH get exchanged I may for the first time in my life actually be “net cash”. Although I’m working on reverse exchanging those dollars lol. Getting to be a lot of decent investments around IMO.

[Guest]

26 minutes ago, Gregmal said:

 

LOL like a half dozen people misinterpreted what I wrote. I remember that. About -50% cash meant 1.5x margin. Which was actually a tad higher but 50% I used just quick half assed response. So 50% cash is what you thought I meant. -50% means I’m using margin.
 

That said, as was the case earlier in the year when I said it, a huge chunk of that is cash substitutes. For instance when APTS and PSTH get exchanged I may for the first time in my life actually be “net cash”. Although I’m working on reverse exchanging those dollars lol. Getting to be a lot of decent investments around IMO.

 

Ahh that makes more sense. I was kind of shocked when you said you had that much cash because you use margin so often. I'm pretty aggressive (compared to most anyway) but it was like "dang, I can't believe I'm more aggressive than Greg!".