What's the Frequency, Radio Shack? RSH UVXY
Positions Closed Today
My returns for trades closing today averaged 0.60%, or 219% annualized. I should have traded Radio Shack in my flat-fee commission account. Had I done so, the trade would have earned 0.58%, or 210% annualized. Commissions totalled $50.12 for the trade. Usually, the variable-fee broker is much cheaper. But, thousands of shares add up. The adventure cost me twelve cents. I imagined that I would be in and out of RSH several times today, but I started in the afternoon, and one-penny change took an hour and a half. The buy occurred in 10 lots, whereas the sale happened in one.
After much lateral movement, UVXY peaked at the end of the day. Witnessing that hesitation, I reduced my limit sell order to I had reduced to $27.85. I missed the tail end of the peak, $28.20.
I was tempted to sell Hennesy (GASFX) and Simon Property Group (SPG) today, as the capital appreciation has outpaced the S&P 500 over the short haul. Decided to wait for dividends on SPG. The fee for selling GASFX in fewer than 180 days was steep, and I noticed it has been outpacing the S&P 500 all year, so I decided to wait.
DateIn Tick Name Cost Price P/L %Yr DateOut Held 6/19UVXYProShares Ultra VIX Short-Term Futures ETF$27.60$27.800.70%257%6/1916/19UVXYProShares Ultra VIX Short-Term Futures ETF$27.60$27.760.54%198%6/1916/19UVXYProShares Ultra VIX Short-Term Futures ETF$27.53$27.760.79%289%6/1916/19RSHRadio Shack$1.04$1.050.00%-1%6/1916/19UVXYProShares Ultra VIX Short-Term Futures ETF$27.83$27.850.03%12%6/191
Overnight Again
Some shares of UVXY are still underwater, down 13.3%, which is better than yesterday for that batch. I'm going to wait for the next media worry-fest before selling those.