It was a good day for UVXY shorts.  Janet Yellen made dovish comments and UVXY declined 11.53% as a result.  We should see some more contango decay over the coming months.  My 5 strike puts are still underwater but moving in the right direction.

I just completed preparing 2015 taxes.  I have to say as a quick parenthetical that the flat tax is evil but, yes please!  The MLP reporting process is unnecessarily complex.  Especially when you have 10 of them.  Thanks to some tax loss harvesting last year, I have a refund and qualified for an Obamacare credit.  My unfunded 2016 tax liability is now about 7 thousand dollars smaller.  With carryforward losses to next year, I think I can hold off making a Q1 pre-payment.

Devour your prey raptors!

Sharing is caring!

Updates UVXY, taxes

Never miss another opportunity to devour prey!

One thought on “Updates UVXY, taxes

  • March 30, 2016 at 6:51 am
    Permalink

    FV – Spent 2 days of Easter weekend get my taxes ready for my 2:00pm – Monday CPA appointment. Then there is 70 minutes to have her figure my taxes, I have a rental house and note houses so it not simply, I don’t get Obama tax credit. But I get $2000 of my own money back, Good luck on the rest of your Tax Year. Jason

    Reply

Leave a Reply

Your email address will not be published. Required fields are marked *

*

This site uses Akismet to reduce spam. Learn how your comment data is processed.