Wes made too much money shorting VXX and now just wants to give back. How generous of him.
With the contango as steep as it is, it is pointless to go long VXX now.
Odds are worse than putting it on red in Vegas.
Really surprised by this. What is your sell price? I assume you're aware that the spread between the forward months and the spot is about the highest it's ever been. VIX really needs to fly for this thing to move.
Sentiment: Strong Sell