Wes, just give me all your money,
i will trade for you.
i am up 13.28% this month as i am typing and the month is not over yet
VXX did hit bottom.
right now, vix is at 12.13, just about the bottom of the cycle.
and front month vix future is at only 13.25 which expires in 3 weeks.
this is just ridiculously low level.
if vix goes up just 1 point, VXX will rise 10% or more.
time to buy VXX!!!
VIX 12.13 -0.81
VIX/Q3 13.25 -0.35
VIX/U3 14.75 -0.30
it's either stuck at 18s or will move up.
it may get to mid 17, but will bounce right back up.
i said the same thing almost 2 wks ago, and I made money selling puts.
VIX future is hovering around at 15, and that's pretty low.
i think i am right about this.
the best strategy would be selling puts at this point.
don't stay too long though, when you see profits, get out.
at least, it's going sideways, because vix future prices are very low right now.
just one small sell off, you will see VXX at 19 or over.
and, even without sell off, vxx will stay above 18 for awhile at least for 2 wks
you can never really be long with VXX, but shorting it is very dangerous at this stage.
VIX is at 13 in May...
i think VIX will spike or keep rising.
if that happens, VXX may not go up much, but will be enough to make shorts lose money.
i think the best way to play VXX is sell credit put spread
i am doing it now, and i can smell money already
that scared me a bit, but then i realized those people are not crazy who bought bunch of physical gold.
gold at 1400 has a very strong support.
i think it should be re-bought, not re-short