Sitting on the sidelines won't make you money. Yeah and just holding won't make you money either! You have to just trade this garbage.
VXX would have been up 2 bucks today, but instead it's only up 40 cents!
The market is pretty wild today, would expect all volatility products to be up. Then again, since the market is up, maybe volatility products should be down.
Really looks like VXX won't close under 18 until after the market correction. VXX should go over 20 before it closes under 18.
What snap? VXX held up quite well today, considering the S&P went up 17 points. One month ago VXX would have plunged 10% on a day like today. VXX-IV closed at 18.23 today.
Absolutely incredible that on April 15, VXX was at 18.30 and the S&P was at 1550. Now the S&P is at 1667 and VXX is at 18.23. WOW, it just keeps staying above 18.
A couple months ago VXX was capable of going up 4 bucks in a day. It would have gone up at least 5% on a day like today. Now it can't even manage 1%.
Are you long VXX? It has to be incredibly frustrating for both shorts and longs.
VXX hasn't really dropped at all while the market has set all time highs.
But it doesn't go up either! YEsterday the S&P dropped 10 points and VXX actually went down. Right now the S&P has dropped 10 points as I'm typing and VXX is only up a measly 20 cents.
I thought that since they have to sell the cheaper May future to buy the more expensive June future, they can buy fewer June contracts, which makes VXX decline in value. Is my understanding incorrect?
I'm talking about the drop due to the daily rollover from 1st to 2nd month futures. VXX should be dropping just from the daily rollover today.
VIX futures are down a small amount, and VXX is only down a few cents. The 10% contango should have VXX down a lot more today, but it's not. Contango seems to be not working for the last couple weeks.
I was stunned myself. Really makes no sense.