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

[risk on]

One more dip down, possibly double bottom point, then I'm starting to gather calls ( 30-60 days out, time Insurance) because the chances of seeing a nice VXX pop in that period are very high. Just a matter of how long it takes and how low it goes first. " gathering " calls makes sense to me, cause that way you can avg down and push exp dates out further w each additional purchase , risk mitigation .