As a potentially profitable opportunity presents itself, John will send you an alert with specific trade information as to what should be bought, when to buy it, and at what price.
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Trade Alert - (XIV)- TAKE PROFITS
SELL the Velocity Shares Daily Inverse VIX Short Term ETN (XIV) at $25.75 or best
Closing Trade
9-3-2015
Portfolio weighting: 10%
Number of Shares = 431 shares
I?m sorry, but I just made 10% in a non-leveraged position in two days. In these miserable conditions that is a home run.
So I am going to take profits here in the Velocity Shares Daily Inverse VIX Short Term ETN (XIV).
I absolutely nailed the Volatility Index (VIX) this week, selling short through the (XIV) at $32 and covering here at $24.00. That is one of the sharpest moves down in the (VIX) in the shortest amount of time in history.
Better to get some dry powder here in case the (VIX) spikes back up to $30, which it could do tomorrow on a disappointing August nonfarm payroll report.
For a detailed description of this 1X short volatility ETN please click here for the issuer?s website at http://www.velocitysharesetns.com/xiv
Here are the specific trades you need to execute this position:
Sell 431 shares at????.??$25.75
Net Proceeds:?????????????????$11,098.25
Profit: $25.75 - $23.20 = $2.55
(431 X $2.55) = $1,099.05 or 1.10% profit for the notional $100,000 portfolio.
