Friday, December 19, 2014 1:28:08 AM
sorry I should have clearer in my post.
What I was referring to was the ETF VXX reaction to the big rally that we had today. The 421 point gain by the DOW, 48 points up for SP500.
Most of the time(but not always) there is a correlation if you will, between the two. I know the VIX is not tied to the SP500, but I found today to be a bit of an outlier.
...and I know that this week is the expiration of options, so I'm trying to figure out for myself, what % did options expiration, short-covering and funds desperate to get in so they can say they own this xyz company to pretty up their prospectus just in time for the New Year.
Hold the VXX long enough say three years or so you will lose 90% + of any money invested.
The VXX is not an investment, it is however a great trading vehicle, and that's all it is to me...
What I was referring to was the ETF VXX reaction to the big rally that we had today. The 421 point gain by the DOW, 48 points up for SP500.
Most of the time(but not always) there is a correlation if you will, between the two. I know the VIX is not tied to the SP500, but I found today to be a bit of an outlier.
...and I know that this week is the expiration of options, so I'm trying to figure out for myself, what % did options expiration, short-covering and funds desperate to get in so they can say they own this xyz company to pretty up their prospectus just in time for the New Year.
Hold the VXX long enough say three years or so you will lose 90% + of any money invested.
The VXX is not an investment, it is however a great trading vehicle, and that's all it is to me...
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