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iPath S&P 500 VIX ST Futures ETN Message Board

  • shanzha8 shanzha8 Nov 27, 2013 11:15 AM Flag

    wes, you're always on this board. Whats your thoughts at these levels?

    small bounce due to suport on the VIX at 12.5?

    thanks,

    shanz

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    • Hey sorry about that, was away for a a bit. At these levels, heading into the new debt ceiling debates I actually think VXX is going to slide some more. I'm hearing a budget deal could get done early as well money flows into the market leading up to the crisis moment as no one believes anyone will ever default. It is a fools bet to buy VXX right now in my opinion. Fleeting moments I am sure you can make a few bucks on VXX but it looks like the decay is great right now if the market sat flat. Short VXX. ;)

 
VXX
16.02-0.03(-0.19%)Jul 31 4:00 PMEDT