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jademann wrote:I have never seen VXX move anywhere near this much without SPY moving..
Hanging man on the daily, oh man, choices... Maybe down on Monday for a retest then up again?fehro wrote:oh.. down to the wire today... and hammer it is SPX weekly
JTrader wrote:jademann wrote:I have never seen VXX move anywhere near this much without SPY moving..
Amen to that. I've been messing with TVIX the past few days anticipating a pullback in the market. Well I never got the pullback (yet) but sure did make some money! Insanely lucky. I'll be buying it again early next week, because SPX should be much lower by Thursday-Friday. If SPX pulls back 50 pts, TVIX could easily go to 20 at this rate!!!
Backwardation in the vix futures market is to blame (thank!). Usually VXX/TVIX/UVXY suffer from contango in normal markets so they bleed every day. Finally, they are benefiting for a change.
http://www.vixcentral.com For those that aren't familar, see how the chart slopes down with time? Usually it's the opposite. Keep playing volatility until we go back to a contango situation. Blessings!