It's become clear. They're taking it to $37. What a joke. Futures already dropping fast. They really want to take this higher. My stops will be triggered tomorrow for sure, but what stinks is they're going to gap it right to $36 so my 1.20 stop loss on the 34 calls fills at 2.50. I hate them.
Take this stupid scam ETN and shove it up your butt.
Well, if the 34 calls I shorted close in the money, I will be short outright at 34.90. So effectively that's what I'm doing.
Of course if the 36 calls are in the money tomorrow you'll see me panhandling out by the freeway.
Futures are really tanking now. Quite a drop. I think it's guaranteed this fraud bucket closes over 34, probably over 35 this week. I will sell 34 covered puts every month until I eventually get taken out of the position. This will certainly be under $34 sometime by year-end. Just please don't get crazy and ram this fraud to $36 Friday, or especially tomorrow.
At current levels of the futures VXX would open at $35.50+ tomorrow. Need some kind of positive number or I am toast. As in this scam hits $38 or higher this week. it seems ridiculous since it's already had an UNBELIEVABLE run. But it's coming.