Closed just 1K VXX share short towards market close as part of moving from VXX share short to ITM calls sold yesterday. My market shorts suffered today and VXX didn't come down as much, although account is plus today.
VIX futures are elevated now compared to the same VIX level a couple of days earlier. Another one or two more days without market down 15+ points in S&P should take the steam out of VIX futures. I hope I can maintain most of VXX position until then. Contango should increase as VIX goes down. Should be good as long as China issue can be contained.