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

[risk on]

Yes, all anyone need do is pull up a 5 year chart to know down is the destination over time. That's why long dated puts here are very expensive. But, that's not what VXX is for, it's for pops abd drops . Quick burst calls, and then immediate puts.

The timing of said makes this much more risky than once was, and the pops are not nearly as big as they once were.

Stay with me here, because this Greece thing should prove to be a major disappointment . The euphoria of yesterday will give way to reality after the ministers meet tonight , abd the situation will become deadlocked w the greek banks being forced into Capitol controls . VXX should give a vey nice pop by eow or early next.