What Did You Buy Today?

[NilesMike]

(04-20-2021, 10:30 AM)crimsonghost747 Wrote:

(04-19-2021, 06:09 AM)NilesMike Wrote: VXX directly, yes.

This is looking like an excellent trade so far!
I also managed to grab some VXX options... indeed as Binary said, we can still trade the VXX options.

Think about that though. How amazing our regulatory systems are. We aren't allowed to touch US ETFs or similar. (official reasoning, I believe, is because they don't provide the prospectus in our native language.... but obviously the real reason is that everyone was pouring money into them instead of similar products managed by European banks because the US ones just had lower fees)


But we are allowed to trade options on those same underlying ETFs and similar. As if that would somehow be less risky than actually owning the underlying asset.

So far so good. Will need another leg down. My exit is 13.50+ for 45% on the trade if it gets there.