Option Millionaires

[DangermouseBuu]

So your logic is - if volatility is going up next week, it should have gone up last week? How about -- no. Don't say I didn't warn you. Volatility is just about the only thing I've ever been right about on a consistent basis. Unlike stocks, it makes its move not based on its own technicals but based on the market and market perception as a whole. Not calling a bottom because it didn't technically hit a bollinger band on the VXX ETN is a mistake in judgement. VXX bottomed while in contango. It's about to sky rocket. April calls on VXX are a sure thing.