johnpaulca
12,036 posts
msg #132527
- Ignore johnpaulca |
11/15/2016 10:01:15 AM
OXY...target $67.98
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karennma
8,057 posts
msg #132530
- Ignore karennma |
11/15/2016 10:33:22 AM
karennma
6,411 posts
msg #132523 11/15/2016 9:22:18 AM
Alert!
TVIX @ 14.22
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$14.17?
Obviously, I should've gotten out @ $14.60.
Apparently, I don't know WT* the TVIX does.
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johnpaulca
12,036 posts
msg #132532
- Ignore johnpaulca |
11/15/2016 10:42:02 AM
I assume you didn't get out after the 1-bar bounce.
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johnpaulca
12,036 posts
msg #132534
- Ignore johnpaulca
modified |
11/15/2016 10:50:37 AM
TVIX would exactly track the CBOE’s VIX index—the market’s de facto volatility indicator.
Most people buy TVIX as a contrarian investment, expecting it to go up when the equities market goes down. It does a respectable job of this with the median TVIX’s percentage move being -4.8 times the S&P 500’s percentage move. However 18% of the time TVIX has moved in the same direction as the S&P 500. So please don’t say that TVIX is broken when it doesn’t happen to move the way you expect.
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karennma
8,057 posts
msg #132535
- Ignore karennma |
11/15/2016 10:53:33 AM
So, how can the VIX and TVIX both be down at the same time?
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pthomas215
1,251 posts
msg #132536
- Ignore pthomas215 |
11/15/2016 11:03:32 AM
cause their correlation is high karen.
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pthomas215
1,251 posts
msg #132537
- Ignore pthomas215 |
11/15/2016 11:04:55 AM
Im going long when the VIX hits 13.60, which I suspect it might today.
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johnpaulca
12,036 posts
msg #132538
- Ignore johnpaulca |
11/15/2016 11:17:29 AM
Karen:
Wholesalers called “Authorized Participants” (APs) will at times intervene in the market if the trading value of TVIX diverges too much from the IV(intraday indicative) value. If TVIX is trading enough below the IV value they start buying large blocks of TVIX—which tends to drive the price up, and if it’s trading above they will short TVIX. The APs have an agreement with Credit Suisse that allows them to do these restorative maneuvers at a profit, so they are highly motivated to keep TVIX’s tracking in good shape.
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karennma
8,057 posts
msg #132539
- Ignore karennma |
11/15/2016 11:18:20 AM
pthomas215
387 posts
msg #132536
- Ignore pthomas215 11/15/2016 11:03:32 AM
cause their correlation is high karen.
======================
I thought they were the INVERSE of each other.
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karennma
8,057 posts
msg #132540
- Ignore karennma |
11/15/2016 11:21:18 AM
today.
johnpaulca
10,236 posts
msg #132538
- Ignore johnpaulca 11/15/2016 11:17:29 AM
Karen:
Wholesalers called “Authorized Participants” (APs) will at times intervene in the market if the trading value of TVIX diverges too much from the IV(intraday indicative) value.
===============
Okay. U just said the "I" word ... "intervene".
The rotation is over now.
I'm going back to techs.
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