T. Most importantly. Best wishes to your Mom and family. I hope for an easy and uncomplicated recovery.

Carl!!

Too funny. How you ever remembered that quote I won't know. I couldn't. But, for using it in context, hilarious.

That is why I like this board. For the most part it's like MASH. We all can converse and joke around. It helps keep sanity in the insane situations we live through. Every once in awhile, we get one of these though.

 

What staffing problem?

 

VXX is the most popular. But, and this is a big but, it's based on VIX futures. It has a wicked drag because of the high cost to roll the futures. It does not follow the VIX step by step, rather it follows the VIX future. The VIX future works in a slight different time frame.

While your analysis of the market is spot on, the VIX won't get much lower. It can sit here and bounce along in a small range for an extended period of time. Meanwhile, the VIX future is rolling, rolling, rolling and you are losing, losing, losing. Not only do you have to be right about direction, you have to be right about timing. That's hard to do. Unless you are incredibly lucky, it won't work with VXX.

I've never been able to figure out a way to offset the high cost of the roll. I belong to a number of trading groups that actively trade options and futures. Most of us have learned the hard way to stay away from VIX derivatives. If you look at a chart, what you don't see is how many times the ETF has been reverse split.

I also make it a rule to not trade inverse ETF's or ETF notes for this very reason. What you can do, however, is to short a bullish ETF betting that it will go down if the VIX goes up. You can't do that in the brokerage link.

In the brokerage link, you are limited to inverse ETF's (not a good idea, see above), covered calls and cash secured puts. By limiting our strategies, Fidelity and Delta don't seem to understand that this restriction results in greater risk to our portfolios. We are forced to trade bullish only strategies. Markets will go down.

 

Reminds me of when I was getting out of the Air Force. I was sitting alert and we were the rent-a-crowd for a visiting General to brief. He was asked a question by a navigator wondering if more navigators might be sent to pilot training because they would tend to stay in until they retired. (This was because pilot were exiting the military left and right) The General then said no, there was not a pilot retention problem. He lost complete credibility right then and there.

Denny

 

WooHoo!!!

Just got a vacation move up to Xmas off!

Denny

 

All the best and a speedy recovery to your mom T!

 

would appreciate if a couple of nyc guys could comment on the rough split of LGA/JFK/EWR pairings -
are these good estimates?
70% JFK for 737?
70% LGA for A320/MD88?


did post on the poolie thread a little while ago but dont think too many current DAL guys frequent it (apologies for somewhat similar post). thanks!

 

What's that flight attendant doing?

 

Tsquare, hope all goes well with your mom.

She can be like Bo...

 

45 total now. I've heard chirps that the number of 320's being held over for conversions has fallen, meaning more 320's for retirement. Suppose to be a handful of 76Q's still flying in a few years after retirements and conversions.

And on a related note, I experienced ship 627 with winglets?!?! I know the 650-range got winglets awhile ago before the 757 fleet fate was determined but nothing as old as 627 is suppose to be around for long.