Mark this post-Things are going to get very ugly for longs today
Yikes. This is an incredibly weak vxx performance in the face of a big market move down. I was actually expecting this to be up $1.25-$1.50 with the vix tracking on my monitor. If the general market catches a bid this will fall very very hard. Im in about $12,000 worth of $25 weekly puts and fully expect to make 100% gain on them by tomorrows close.
If you are short you should be equally as happy. I am not short yet and riding this as far as I can but it is a 100% certainty that this will be lower in a month or so. I do not know about today though ;)