VXX …what a mess

06/05/2016 – taking a look at VXX for a friend.  not sure what to say … I can see a “daily” BUY set up in a butterfly but this thing is simply dead.

interesting to see the increase volume even though it hasn’t budged. I bet it’s everyone betting on the crash that’s never come .. buy VXX, close VXX, buy VXX, close VXX.

So, not sure what to tell you … what I can say is that tomorrow should be a cycle turn date so it “should” turn down but who knows.

sorry, wish I could give you more information ….

B

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3 Comments on “VXX …what a mess

  1. It’s gotta be Conway asking…..we are always talking VXX. Neither of us are happy about your analysis, but thankful for it. And yes, but VXX, sell at a loss……..buy VXX, sell at a loss…

  2. VIX is a generally misunderstood index. Most cannot describe what it measures. The futures market for it is only recently liquid and among the most challenging to trade or use hedging. ETN’s or ETF’s attempting to track it are destined to fail.

    Barty, your analysis is outstanding as usual, but the bigger issue is that this instrument exists and people are committing capital to it.

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