The Lizard King cleared 500% annualized on a trade today.

music selection: “I Am The Highway” — Audioslave

Previously, I purchased UVXY170120P00010000 for 3.65.  That was on 9SEP2015.  I expected to hold this position for at least a month but an unlikely to be filled limit sell order came through this morning at 9:42:38 Eastern Time.  I sold for 4.00 even.  With time in trade only 7 days, the annualized return clocks in at 500% [ ((4-3.65)/3.65)/7*365 = 5.00 ]

This is my best annualized return since starting the blog and will not be consistently repeatable.  It is an artifact of recent inflated volatility and the short term return towards normalcy.  I guess the lesson for studios raptors is that when the markets are jittery, put in the limit orders of your dreams and be patient.  Sometimes you get lucky.

I have not  yet been able to roll this put down and out.  I have a stink bid out on UVXY170120P00005000 and will continue stink bidding it until the market fully recovers from recent turmoil.  I’ll keep you posted on progress on these pages.

The scheduled follow up trade article on WFC will now come on Friday.

Devour your prey raptors!

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500% Profit on ProShares Ultra VIX Short-Term Futures (UVXY)

Never miss another opportunity to devour prey!

3 thoughts on “500% Profit on ProShares Ultra VIX Short-Term Futures (UVXY)

  • September 9, 2015 at 11:35 pm
    Permalink

    Wow, nice one!

    Was wondering whether you had a strategy for your stink bids? You seem to be getting filled all over the place, but I had three in over this last two weeks and didn’t even get close to getting filled. They were about 12% off the market when I placed them but the market had already moved somewhat. Too greedy?

    I tend to place them “good for 20 days” (not sure if you have that option over there), then manually renew.

    Reply
    • September 10, 2015 at 12:26 am
      Permalink

      Justin,

      I’ve been using single day for time in force. We have “Good Till Canceled” here which means 60 days at most brokers. I went just outside the current bid/ask spread which already seemed pretty wide. I attribute this more to luck than skill. Most of the time, you have to split the spread to get filled.

      Reply
  • September 10, 2015 at 10:45 am
    Permalink

    Ah that makes a bit more sense, thanks.

    Reply

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