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Update on SLV vol. Just realized that IQFeed supports many of the new CBOE VX series indexes on selected ETFs and Equities. Sort of a "VIX of SLV". URL: CBOE - Micro Site
... and a chart from TOS looking at IV and HV on SLV. Looks like that VXSLV index is a good proxy for IV, which means I now have a great quick-and-dirty way to access IV in Ninja.
I'm still in the trade as neither profit target nor stop loss has been hit. It is taking longer than I wanted, but short premium == long theta so time is on my side. You are right about the IV... the more it drops the more I make.
But I am re evaluating my target profit and how I've been managing delta risk on this one and some other similar trades.
Edit: I noticed that these PF's from NT weren't the same as originally posted from stockcharts so I corrected it - but the results were totally different..
Then I checked past stockcharts and replicated the same in NT and they were also 100% different. I don't get it.. same prices and same pattern but no similarity in how the draw out.
This is really surprising b/c I have used stock chart dot com printouts as a guide from the start and when in stocks before that - they have been great.
Original post:
Here are the 15 and 60 min Andrews pitchfork snapshots.
Broke through convincingly in the first 4 hours of 5/18.
My "hah, hah" was about the crappy data from Liffe - which is all I have because IB will not allow ECBOT silver gold data feeds - in league with the NY cro-ks no doubt. I like pitchforks and use them!