The market has been flat since 10 am, and VXX hasn't gone down since 10 am. Shouldn't it go down due to contango?
Contango canceled due snow storm in the Northeast. Also flights canceled and malls closed. There will be no commerce this weekend but all companies will beat when they report.
The spread between Feb and Mar futures actually got closer today, so that explains why VXX didn't show signs of contango today
There is plenty of contango kicking in today. VXX was higher when the Dow was up over 50 points today. Dow is only up 29 points now, and VXX near 23. What other proof of contango do you need?
I see at 9:40 am VXX dropped to 22.91 while at the same time SPY hit 151.76.
Then VXX closed at 23.00 and SPY closed at 151.76.
No contango today.
contango doesn't kick in till the last 45mins.