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iPath S&P 500 VIX ST Futures ETN Message Board

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  • do.john67 do.john67 May 10, 2012 10:29 AM Flag

    The force is very strong with VXX Today.

    I had to take some profits today, with this grand rally.
    I still have all of my VXX puts, but I finally got out of my bull put spiders spread. That was swinging between up thousands to down thousands on a daily basis, so although it likely would have survived to next friday and made another thousand for me, I just closed it. Now, I have plenty of buying power, and almost dead even with the market, ie my portfolio is hardley budging as we come off the highs. So I welcome a pullback here, and prepared to shop until I drop if we capitulate!

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    • This was one of those scary days with VXX being down 4% where you could easily see it end 6% up I felt, and have your 10% day with the product.

      That is the scariest to me being short, so I took most of my profits and if things play out like I think they will I will re-institute at the end of the day.

      I won't be shopping today though I do not see much for sale yet.

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