Tag Archives: qid

Rats leave ship. Is ship sinking? Not known.

Posted on Mar 02, 2011 by WHC Bassetti.

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We should remember that the rats, playing musical ships, had an alternate ship when the the music stopped playing.   (We never met a mixed metaphor we didn’t like.)  We called attention to the VIX back in April, and we called attention to a week or so ago — before the eruption, actually.  Perhaps someone will jog our elbow next time and we will make the “whim trade”.  As it is there is some serious hedging going on in the VXX and the QID (Qs).

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Halloween. Boo. QQQQ, SPXU, QID

Posted on Oct 19, 2010 by WHC Bassetti.

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We shorted the S&P and the Qs, selling all our long positions.  A trader’s move, scaling in to these positions.  Used SPXU in the S&P, QID in the Qs.

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Black Friday. Grey Friday? Thank god it’s Friday? QID and other hedges

Posted on May 14, 2010 by WHC Bassetti.

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2010-05-14-qidHere is a 30 minute bar chart of the short Qs ETF, which we use for hedging.  We bought some of this today, meaning we’re hedging, and we also took some other exposure off the table –sold BAC and some DIA.  Hedged Qs and S&P (buying SPXU).  Bought some UUP to short the euro.

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Minding your Ps and QQQQs…

Posted on Jul 11, 2009 by WHC Bassetti.

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090710qidHere’s an interesting idea.  Shorting the Qs with QID.  It looks like a pretty low risk trade to us.  The safest stop is tight under the nearby low.  The last few days there were obviously some people shorting — see the power bars and the gaps.  If this doesn’t work remember you didn’t hear it here.

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