jmnn
16 posts
msg #135365
- Ignore jmnn |
4/10/2017 2:43:41 PM
Kevin what are your thoughts on the cotango levels for TVIX right now? The F4-F7 cotango levels are very high considering the growing backwardation for the F1-F2 futures.
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Kevin_in_GA
4,599 posts
msg #135366
- Ignore Kevin_in_GA |
4/10/2017 3:06:50 PM
Contango for the ^VIX is at -3.84% as of 2:45 PM today (in backwardation). F7/F4 contango (for ^VXV) is at +9.44%.
TVIX should do well under these conditions, but backwardation is usually quite short-lived. I just took a short position in TVIX anticipating a reversion to the mean, but it is a small position that I can add to in case this period of backwardation is more prolonged.
For the F7/F4 contango you would probably short VXZ.
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mahkoh
1,065 posts
msg #135367
- Ignore mahkoh
modified |
4/10/2017 3:12:47 PM
If GDX breaks above 24 Chikou Span will be clear of resistance, we could see a runner.
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jmnn
16 posts
msg #135368
- Ignore jmnn |
4/10/2017 3:35:08 PM
Seems to me the wider the spread between the two cotango levels the more likely a snapback will happen with the F1/F2 cotango. Not sure there is any fact behind that theory or not. Just an observation I had.
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pthomas215
1,251 posts
msg #135369
- Ignore pthomas215 |
4/10/2017 3:50:45 PM
Karen, yes, I did. sorry...8:25 or so. Just got back in BWEN at 7.90. It has this nice trading range, very strong company, so LT investors keep propping it back up.
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pthomas215
1,251 posts
msg #135371
- Ignore pthomas215 |
4/11/2017 9:57:05 AM
out BWEN at 8.37
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mahkoh
1,065 posts
msg #135374
- Ignore mahkoh |
4/11/2017 10:28:41 AM
mahkoh
747 posts
msg #135364 4/10/2017 2:38:33 PM
Short SOXL (74.45)
***********
Out 70.50
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mahkoh
1,065 posts
msg #135379
- Ignore mahkoh |
4/11/2017 2:17:52 PM
Short UWT (22.95)
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Eman93
4,750 posts
msg #135382
- Ignore Eman93 |
4/11/2017 10:01:41 PM
mahkoh
749 posts
msg #135367
- Ignore mahkoh
modified 4/10/2017 3:12:47 PM
If GDX breaks above 24 Chikou Span will be clear of resistance, we could see a runner
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Nice one!
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Eman93
4,750 posts
msg #135383
- Ignore Eman93 |
4/11/2017 10:03:55 PM
MU
Trying to fill the gap at 24.47 may get it tomorrow?
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