IMO- the higher SPX goes in May, the higher the probability we will have sustained correction + volatility in June.
VXX has 3% downside, 97% upside in the next 60 days...... just putting my $$ where my conviction tells me.
Sentiment: Strong Buy
Agree with ya 100% BB .. not a moon shot to 30 .. maybe in the low 20's .. we are due for a spike on the ridiculousness of the market.
Yes Agree with $20++ pricing in June( I am guessing $24-ish in June)
97% probability of such move in June.