@BigOonTheBeach, I got out of those as I've done bad on the flavored VIX instruments; I seem to only do right on the vanilla VIX. I do have a small position in UVXY to see how it'd react with the upcoming correction that's due to SPX.
MonetaryRebel
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@TuParkShakur, my long targets, depending on velocity and volume of the impulse, are $11, $15, $30.
Albeit, $30 is a very extreme case. I'd be happy with $15. This is definitely something where you want to take profits quick when it reaches your target.
The VIX is pretty low right now. There is a possibility that price could dip another time before going up, but we're getting close.
BobbyBanksX
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@Evdog9000, yeah, I hear you! Great target prices for your selling of TVIX.
If we're supposed to trade what we see and not what we feel, that's definitely looking like the case with VIX going lower. It doesn't make sense logically, but it's happening. That Not-QE money makes magic happen.
Currently got a bunch of limits set out for VIX calls, expecting the VIX to go as low as 11.6. Currently holding VIX 13P for the top of December until $11.6...
And it took SPY dropping $10 for TVIX to see a 3 buck increase. Definitely something you get yourself into, and gtfoh with a profit ASAP.