Contango isn't working now.
There is NEVER a reason to cover VXX. Only add to the position.
As I was saying, just add to the position. It can only go down.
Only if you think this is 2008 or 2011 all over again. Sure did wish I bought some calls yesterday, September 25 calls up 100% on a 6% move up in VXX never saw something so nice.
Do you think there is any chance this goes back to 16.50? Another 10% run? The VIX futures would need to hit close to 20.
what's the calculation you do to arrive at those figures?