Can someone please warn me when the dump day comes? I would have loaded up at 11.70 yesterday. Actually the vix to vix futures discount was stubbornly high last week and now is very low.
Kind of hard to predict when something like that would happen.
This was quite a drop- not just in VXX but in the calls. Some of the December calls have lost half their value in a week. Looks like VXx to about $6 or $7 by the end of the year.
Sentiment: Strong Sell
I am not seeing that big of a drop in VXX dec calls. looks more like 10% drop today.
Not atypical. The main thing is the IV, and the IV on some way OTM calls is above 100, still a high number.