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.
Trade Alert - (XIV)- TAKE PROFITS
SELL the Velocity Shares Daily Inverse VIX Short Term ETN (XIV) at $24.89 or best
Closing Trade
9-11-2015
Portfolio weighting: 10%
Number of Shares = 429 shares
Time to get out of the way of the September 17 Federal Reserve interest rate decision.
I?ll take the $3 ? point drop in the Volatility Index (VIX) from $27.5 to $24 and run.
A one-day profit of 6.73% is good enough for me in this tortuous environment.
I?m unloading my position in the Velocity Shares Daily Inverse VIX Short Term ETN (XIV) ahead of what may be one of the most volatile weeks in history.
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 429 shares at????.??$24.89
Net Cost:???????????????????$10,677.81
Profit: $24.89 - $23.32 = $1.57
($1.57 X 429 shares) = $673.53, or 0.67% for the notional $100,000 model trading portfolio.
