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Not a chance in hell. If I didn't know any better this is a guaranteed short time and time again.The spot vix is at almost at the high of the day yesterday and this instrument is down 5%! That is some serious decay!!
vxx was up 1.4% yesterday at the close, was up 10% at the high. what are you talking about ?and it's up 5% now.
I understand Spot VIX and VXX are not one in the same of course but it is supposed to closely match the underlying idea that it is tied to no? 5% off in half a day is incredible.This thing is ONLY a short. 5% of the time throughout the year you will get backwardation. Rather assume you are in the 95 percentile and part of the contango and short this pig?
I meant the spot VIX is about even where it was yesterday (up 10%) and at that point VXX was 18.84. Now VXX is 18.00.That's almost a 5% decay rate since yesterdays top! That is sick!I am going to spend the rest of my life trying to get a product issued that decays 5% in half a day with out anyone being the wiser.