spot VIX is up 8%+, but VXX at the time, was red (more of a 30-day future expectation of volatility). You'd think with "locked and loaded" retoric, and reports of U.S. telling Saudi Arabia attacked were launced from Iran....VXX would be up more, anticipating military strikes, and then reaction, etc.
contango (VIX front month, to 2nd month is 14.84%, so major headwind for VXX, TVIX etc.)
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