VXX - Ready to bounce here

Long

iPath Series B S&P 500 VIX Short-Term Futures ETN (AMEX:VXX)

Updated

AMEX:VXX iPath Series B S&P 500 VIX Short-Term Futures ETN

Trend Analysis

trendanalysis

One of the rare times I buy VXX. The SPX gains were too lopsided against it, so I would expect a spike in the morning.

Comment:

See what happens in the morning. The ratio improved, so I'm not as confident anymore, but it's still not bullish yet. Fortunately my UVXY puts had a 5% increase in IV, so only down about two cents.

Comment:

I like the way it's going so far, even though markets are a bit higher.

Trade closed manually:

I'm closing out for pretty much breakeven on my options. Don't think we'll see i spike now, at least right now.

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