wes, I got what I wanted. Nice pop in VXX, Dow is tanking today. Now I just have to be patient and gradually build my put position as I gradually buy back my shorted Dia shares. Been waiting a while for the pullback. No better time than the month of May!
Poop. I read your response wrong. Sorry about that, Yes I am with you.
If this can happen twice in May I will jump up and down. This is setting up to be a beautiful short/put moment.
I feel so bad for the long guys who do not know what is about to happen. Hell the VIX is going to be at or above 20 soon. This product will get FREAKING KILLED when things settle down next week. Good for us bot not for the % of the 40 million shares traded today hehe. You know there are going to be holders for sure!
Don't get me wrong. I am losing money today, but not too much. My VXX ITM puts loss their gains, but I had sold about half the number of puts OTM that are making me money, and my shorted DIA shares are making money. I can now buy some of my shorted Dia shares back which will give me plenty of buying power to buy more ITM VXX puts.