etfmsolutions: XIV flat for Friday...01.31.18

Wednesday, January 31, 2018

XIV flat for Friday...01.31.18

Kind of a dead cat bounce today but with the XIV ultimately closing up .5% and up another $.80 in after hours trading. Nevertheless, the model is flat for Friday as we assume a risk on stance.
Amazon earnings tomorrow should create a ripple...with new projections for a $1600 resistance via the talking heads. We shall see. MSFT is down a buck after hours after beating on earnings, BTW.
I closed my VXX trade posted yesterday after ultimately taking a 50 contract position @ .85 credit.
We closed the trade at $.72 just before VXX reversed to the upside today and netted a .13 x 50 gain or $650 in a day.... and I thanked my lucky stars that I bailed when I did and not hold into expiration tomorrow.

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