AMEX:VXX   iPath Series B S&P 500 VIX Short-Term Futures ETN
oversold & signs for a recovery..
rising volatility is now problem for the market - SPY made a slightly new ATH. normaly we should see a fight
between bulls & bears here. if the bears win -a bigger rise would be normal. otherwise a rangebound trading with no clear st trend leads also to a rising vola..
Comment:
idea was right!
overall - we saw a rishing vola. now again at lowest levels..
a view in the future.
a) market made a double top an we´ll see a deeper set back / trend reversal = rising vola
b) market is about to make new ath´s the next weeks = vola will NOT rise!

vola strategy st sell bear spread otm mt long bull spread otm
if we see a new high in spy = long bull spread changing in butterfly - short bear spread hedging with a long bear spread atm/itm for the long leg....
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