What a difference ten dollars makes

Last we checked in, UVXY was at 17.26 and today it hit 28.41.  Volatility index, indeed!  Volatile contracts on volatility, indeed!

Here you see me documented in history - look for the black dots and you'll see my little present to myself:  12 call contracts at 9 cents for this Friday at the 53 strike. Let the record show that at 12:54 PM, some pajama trader pressed the button for 12 contracts at 9 cents.

I paid about as much for that as you'd pay for a very decent lunch (for a few people at a nice place.) I don't need all that grease and sugar anyway, so I'm okay paying for this little decaying asset.

Let's see how this week shapes up. I'm sure there will be much to say about it. 

follow me on Twitter: @grapeswhiz

New low charted for UVXY intraday

 The lower we go, the happier we grow. That's our mantra in my corner of the internet.  Today, though it was fleeting and followed by a slap in the face, we enjoyed the sensual moment while it lasted. 17.26 was the print and it wasn't revisited again for the remainder of the day but we'll be happy with what we can get.

  follow me on Twitter: @grapeswhiz

Es good, und yummy too

Poll winners are those who answered "less than two weeks."  Who wants to step forward, identify yourself, and claim your prize?

It's two days less than two weeks later and UVXY has today touched a low of 17.53.  May that turn to 7.53 before we have time to think about it. In the meantime, let's celebrate.

 follow me on Twitter: @grapeswhiz

Let's see who wins the poll

Yesterday I posted on Twitter (I refuse to call it X) a poll regarding UVXY. Whosoever is wondering what this weird acronym, abbreviation, or unpronounceable word refers to, check this link.

 

As you can see, most people are voting for a date of February 18th and a good additional percent of the voters are saying March 4th. So far no one is predicting a date later than that and no one is predicting "never."  We'll check back and report on which prognosticators won. 

follow me on Twitter: @grapeswhiz

A short seller's tale

Not necessarily insightful or packed with analysis, but a factual record.  Short positions taken on January 6th and 7th went bad immediately but sitting on hands produced a favorable outcome.

Positions started at $19.20 and $19.40 on UVXY.  

Soon ran up to 24.59 (even higher in the extended trading hours).

Back to 18.91 as of this writing, January 16th.  This puts the position, in aggregate, at 1.97% ahead.

My nights, in the interim:

follow me on Twitter: @grapeswhiz

Hi from the beginning of 2025

You thought I was done, you though I was finished

You thought the grapestrades shine had diminished

But I'll be back this calendar year

I am indeed and for sure, still here

 follow me on Twitter: @grapeswhiz