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iPath S&P 500 VIX ST Futures ETN Message Board

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  • wes_w_weber wes_w_weber Apr 3, 2012 12:02 PM Flag

    Shorting VXX Every Week: It Works Until It Doesn't

    In my opinion you're right on the money so to speak.

    You can get as complicated as you want with this product. I like to deal in absolutes personally.

    1) This is going to 0.
    2) It has gone +300%.

    I would read from that short up to 33% of your account on this product and trade with the rest. Hell I guess you could look at it as the contango is your dividend.

    Sometimes the dividend is suspended in times of great volatility (backwardation), but then it will undoubtedly be re-instated.

    It is more fun though to play the 5% odds on a triple. Like catching a number on Roulette.

    My number has never come up. But it was fun though! ;) I would have rather been the dealer over time....

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