Tuesday, July 2, 2013

UVXY P/L

Had I moved a bit quicker I'd have a 50+% 1-day gain, but you make the best decisions you can with what you know at the time.



At the fill of $9 the P/L came to a gain of +40 %

I've looked at a few more things in between and the theory I put forward seems likely. Retail is really so finicky that they won't know what hit them from one day to the next to the Friday open (I have to assume Friday at this point until I see tomorrow's 3C trade), there is the op-ex pin to consider. In any case from everything I've seen so far, this in no way has anything to do with the move down we have been expecting and is starting, this is noise, but it's still nose that can be profitably traded around.

No comments: