It's days like this that tell me I know exactly how to play VXX. So refreshing being on the sidelines as VXX spikes higher, and my trading account grows as I am biased bearish in my account.
Unfortunately. my broker is p;aying games with me. and took my buying power away. so cannot short VXX or UVXY at the moment.
With the fed behind todays market debacle, I would like to wait a few trading days anyhow, to see how the marrket trends. With market so overdue for correction , and now, a possible change in Fed policy, we may be headed south for a whi;e.
Best to be on sideline for now with VXX, could continue spiking higher. or take drastic plunge, which it typically does. Flip of the coin right this moment. but if spikes higher through end of week, and into early next week, then I will start building my short position in either VXX or UVXY depending on how spectacular the spikes are.