The VXX position was broken up in to 4 parts today so I'm just going to post the first capture of the day as that shows the original position size as well as the contracts and cast and then I'll post the fills for each of the 4. Don't forget to check out the VXX / VIX futures charts, if they can bounce a bit today, they looks like fantastic shorts (SVXY) or puts.
VXX March $55 Puts P/L
There were 70 contracts at a cost of $7.25 (I told you the position was way too big, but yesterday I got the whiff of something as I said and it smelled like profits). The cost basis is $7.25 on the 70 contracts.
Here are the 4 individual fills from today (10, 10, 10 and 40=70)
With fills from $7.90 to $8.60, the average fill comes to $8.485 for a P/L of +17% or $8,645 for a half day trade.
The SPY weeklies (I haven't used these in a while, but felt confident they'd work in time) had a cost basis of $1.71 with 100 contracts.
There was only 1 fill at $2.17 for a P/L of just shy of +22%
VIX futures/VXX/UVXY
This is the intraday VIX futures 1 min, not that impressive huh?
This is the 5 min chart that has been a disaster for most of the week and it finally paid off, but I think it has a lot more to go so I'd be looking for a new entry, either as a short trade (short VXX/UVXY or long SVXY) or using Puts.
This is the 1 min VXX chart, a little better intraday positive, but still nothing that worries me.
The really interesting charts are again out on the 30 min timeframe like the averages, look at the size of this leading negative divegrence in VXX
The yellow arrow is a head fake move, note it is right before the reversal move to the upside, do you see why it is a head fake move?
This is UVXY (2x long VXX) 30 min chart just for confirmation since they are managed by two different companies and we have confirmation, the 30 min chart is seeing massive distribution making any bounce a very attractive short/put position.
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