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 ….