Oh yes they did! The market went down and the Market Makers took them to town!
Since I've got such a big chunk of my portfolio invested in VIX ETFs, one would expect my portfolio to be giving the conviction bulls a run for their money. But no! I had to be a few months too early and sit through a 30 to 50% off sale on UVXY, VXX, and TVIX...
Some of the calls I picked up along the way caused a massive drop in my SBA too, but I was able to take profits on EWJ puts and buy a few front-running puts at pennies on the dollar...
If the sell-off continues, SPXU (+4.29%) could become my best trend...
$40.37 is the 52 week 50% Fib level... don't know if it'll get there though.
Overall, I'm still up on the day by a small fraction... incredible, really!
-3.74% SBA
+1.79% Roth IRA
-1.43% DJIA
-1.27% Nasdaq
-1.38% S&P
-2.12% FTSE
-1.53% Eurofirst
-3.83% Nikkei
-0.07% Shanghai
+0.11% SENSEX (only overseas market that managed to get some green today)
-0.97% Hang Seng
+0.39% WTI
-0.33% Brent
+0.31% Gold
-0.01% Copper
+0.15% Corn
+0.59% GBP/USD
-0.81% USD/JPY
-0.73% EUR/JPY
+0.50% EUR/GBP
-1.90% DJT
+6.88% VIX
-1.73% 10-Year US Treasury Notes
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