iPath S&P 500 VIX Short-Term Futures ETN (VXX)

[DrContango]

"Clue me in, I've been trying to pin doc down on that " trade idea" and inherent indicators for a while. Do tell . You bought VXX you mean, when it was in completely beat down oversold range and it went up, be a use that one Ive been screaming for a while."

Risky, did you nor read or understand my two posts from 6/9 where I fully explained my valuation rationale for the VIX proxies and how I partially hedged my short-volatility positions with numerous long-vol options strategies expiring tomorrow and next Friday.

I did indeed go long VXX with options. My Jun13 VXX 30/31 spreads that I bot Tues for .33 are looking quite happy today. As are my SVXY put spreads...

Yes, I am now partially long vol for the next two weeks but for mathematical reasons, not because VXX is "oversold"


Doc

PS: Did bother to read the papers that I referenced regarding ETN/ETF creation that explains near limitless liquidity and the irrelevance of your perception of "oversold"?