RichardGibbons Posted December 25, 2013 Share Posted December 25, 2013 Yes, I have also wondered what happens to XIV if VIX jumps 100% in a single day (not inconceivable now given VIX is in the 12-14 range). These products are based on VIX futures. Would the exchange allow a +100% move on the futures in a single day? Aren't there margin rules and/or disruption rules designed to limit the movement in a single session? If XIV drops 80% in a single day, it will automatically be liquidated. This is the scenario I mean when I say it'll eventually going to 0. (I'm curious what happens if it gaps to over a 100% loss. I guess the fund company gets burned in that case.) I'm not sure if there are restrictions on the VIX futures movement. I'd guess not. Link to comment Share on other sites More sharing options...
jm25 Posted January 15, 2014 Share Posted January 15, 2014 Sold BAC calls today. Still holding the common shares. Link to comment Share on other sites More sharing options...
ourkid8 Posted January 15, 2014 Share Posted January 15, 2014 The fun is not over with BAC but good luck! Sold BAC calls today. Still holding the common shares. Link to comment Share on other sites More sharing options...
jm25 Posted January 15, 2014 Share Posted January 15, 2014 The fun is not over with BAC but good luck! Sold BAC calls today. Still holding the common shares. It is still my largest holding! I'm enjoying the ride and will continue to do so! Link to comment Share on other sites More sharing options...
jm25 Posted February 4, 2014 Share Posted February 4, 2014 Second Cup (SCU) Link to comment Share on other sites More sharing options...
randomep Posted February 7, 2014 Share Posted February 7, 2014 Have been selling CVX and will sell more to gradually close my position. Be in a relationship with CVX for 10yrs, time for us to part ways. Link to comment Share on other sites More sharing options...
tombgrt Posted April 10, 2014 Share Posted April 10, 2014 Sold 40% of my shorter term OTM WDAY options for a 4-bagger. Holding the rest, aiming for 10x. Hit or miss, I walk away with a good gain. Link to comment Share on other sites More sharing options...
writser Posted April 10, 2014 Share Posted April 10, 2014 How large do you make these option positions? And do you look at them in terms of notional exposure or net costs? Link to comment Share on other sites More sharing options...
tombgrt Posted April 10, 2014 Share Posted April 10, 2014 Generally I do not. Shorter term options I keep very small percentage of total portfolio. Those wday options were 1.3% of my total portfolio and are pure speculation on short term movements. More than large enough if they really get going. Longer term put options like CRM I buy much more agressively, also because my conviction is a lot higher. I do sell all the way down however. I've found timing way to hard, especially with shorter term options where you can have fluctuations of 100-300%/day. Link to comment Share on other sites More sharing options...
DCG Posted April 10, 2014 Share Posted April 10, 2014 Have been selling CVX and will sell more to gradually close my position. Be in a relationship with CVX for 10yrs, time for us to part ways. Why? Link to comment Share on other sites More sharing options...
randomep Posted April 11, 2014 Share Posted April 11, 2014 Have been selling CVX and will sell more to gradually close my position. Be in a relationship with CVX for 10yrs, time for us to part ways. Why? Well I don't follow it as much as I use to. But the bottom line is: - profits are at record highs because of $90 / barrel oil, when I first bought it oil was at $30 / barrel - if oil prices drop CVX profits will plummet - I look back at the last 10yrs, thank god I didn't own BP, it wasn't skill that led me to choose CVX and avoid the offshore oil spill - CVX is getting a lot of good press lately about how its return on assets are excellent and how well it is managed - oil is going to be more and more capital intensive and we go to more difficult places to extract it - CVX is large cap, and I am becoming a hard core small cap investor - I expect CVX to perform roughly in line with the market, and I only invest now expecting to beat the market So basically, it is good time to sell off the top..... Link to comment Share on other sites More sharing options...
dpetrescu Posted April 13, 2014 Share Posted April 13, 2014 Selling Nothing. I think there are a ridiculous amount of companies trading at ridiculously high prices. But the selling is across the board so the few baraings that previously existed are even more of a bargain. FIAT and Corning have held up well, at least for now. I have a lot of cash and I'm seeing more opportunities emerging. I'm interested in buying soon, Specifically GM and Toyota. I've been watching Korean preferred stocks like Hyundai and Samsung but they are actually a bit higher in price, but still ridiculously cheap. If we have another few days in the red I'll likely make a few buys. Link to comment Share on other sites More sharing options...
tombgrt Posted April 25, 2014 Share Posted April 25, 2014 Sold more of my OTM WDAY puts today. I bought some more earlier last week but was too soon. Further orders didn't fill. :( Still holding some. Netsuite earnings on monday... Link to comment Share on other sites More sharing options...
sethatk Posted April 28, 2014 Share Posted April 28, 2014 Sold entire position in MSFT. Link to comment Share on other sites More sharing options...
tombgrt Posted April 28, 2014 Share Posted April 28, 2014 Sold some WDAY puts for a near 10-bagger. Still hating that I didn't get those other puts last week. Bought some short term Linkedin puts around opening with fraction of profits. Glad someone finally stepped on the sell button on CRM. N earnings tonight could move it another way quickly however. Link to comment Share on other sites More sharing options...
wachtwoord Posted June 4, 2014 Share Posted June 4, 2014 The DNOW spinoff of NOV. If the $22 valuation of Morningstar is anything near correct it's way overvalued (and I have no time to do deep analysis now and it's a small position). Link to comment Share on other sites More sharing options...
Lance Posted June 6, 2014 Share Posted June 6, 2014 I shorted NFLX today. Thanks, Lance Link to comment Share on other sites More sharing options...
PatientCheetah Posted June 6, 2014 Share Posted June 6, 2014 I shorted NFLX today. Thanks, Lance Tilson's T2 Partners had a relatively new presentation on the tactical aspects of shorting. Try to google it. I wished I knew these years ago. Link to comment Share on other sites More sharing options...
Lance Posted June 10, 2014 Share Posted June 10, 2014 I wrote puts on CTCM - CTC Media, Inc. today. Thanks, Lance Link to comment Share on other sites More sharing options...
wachtwoord Posted June 10, 2014 Share Posted June 10, 2014 The remainder of my Intel position Link to comment Share on other sites More sharing options...
rpadebet Posted June 10, 2014 Share Posted June 10, 2014 I wrote puts on CTCM - CTC Media, Inc. today. Thanks, Lance Why sell puts? why not own it outright. Its still pretty cheap. Link to comment Share on other sites More sharing options...
Lance Posted June 10, 2014 Share Posted June 10, 2014 Hi rpadebet - Agree that it's pretty cheap, but I enter most of my positions via puts. Also, I sell puts monthly on stocks that I feel are undervalued, not always with the hope that they are assigned. If they're assigned I sell calls on them until they're called away. Thanks Link to comment Share on other sites More sharing options...
Kraven Posted June 10, 2014 Share Posted June 10, 2014 To the Board: Please post your buys and sells in a more timely manner. It would appear that not everything is being reported and what is being reported is only after some delay. We need to ensure that accuracy is maintained. Thank you for your cooperation in this very important matter. Link to comment Share on other sites More sharing options...
Nnejad Posted June 10, 2014 Share Posted June 10, 2014 Sold half of my remaining Wells Fargo today :-\ Link to comment Share on other sites More sharing options...
no_free_lunch Posted June 10, 2014 Share Posted June 10, 2014 It's a good point Kraven. I am going to use that as an opportunity to put in a pre-emptive sell order on the SPY ETF. I am 100% short the index when the transaction occurs. NOTE: As this is a pre-emptive order, the transaction is subject to certain conditions being met. Specifically the SPY must decrease in value by more than 1% by tomorrow's close. Failing that condition I revoke my pre-emptive order. :P Link to comment Share on other sites More sharing options...
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