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

[risk on]

I think we are at the edge of the cliff here w one foot over and one on a Shelless snail. VXX drops very rapidly after a run up w GAPS. As stated in another post, the biggest recent ( apx 1 year or so ago) drop was around 20% in one day. As soon as the market switches the ratio around of calls to puts on the core cos of the SandP VXX valuation " allegedly" based off of, so goes VXX, and fast.