The market pull back surge is already done, so this thing topped for the day. Unless the market has another 1% down day, this won't hit 25. Imagine if the market just moves +/- 0.3% for the next 2 weeks with a downward bias, and ends up at 1470 with little volatility. Then VXX would end up at around 23ish again. This thing can only rise 15% if there is surging fear, what we have is a minor correction, it's not enough to get it done. I actually re-shorted some at 24.36ish average, will probably cover today if it gets to under 24...my guess it pulls back to the 23.9ish range.
So there is nothing super extra special about the $25 number itself? 1470 is only about 2% down, I am also not sure that would be enough for us to hit 25 here. Seemed real tough. Ain't that tough enough? Ain't that tough enough.