TVIX Update
A few days ago we entered TVIX.
It's already gone as much as 35% above our entry and 50% above its recent low.
Since it's such a volatile instrument, we'll take some unusual steps with respect to our stop level.
We'll first raise our sell stop from $11.00 to $12.60
If it trades above $19 again, we'll further raise that stop to $17.35
If it reaches as high as $19.80 on Monday or Tuesday, we'll sell the entire position.
Should none of these conditions occur by the end of Tuesday's trading, we'll post another update.
It's already gone as much as 35% above our entry and 50% above its recent low.
Since it's such a volatile instrument, we'll take some unusual steps with respect to our stop level.
We'll first raise our sell stop from $11.00 to $12.60
If it trades above $19 again, we'll further raise that stop to $17.35
If it reaches as high as $19.80 on Monday or Tuesday, we'll sell the entire position.
Should none of these conditions occur by the end of Tuesday's trading, we'll post another update.
posted by C. Guinness @ 8:38 PM
<< Home