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Re: MASTERTRADER post# 110176

Tuesday, 06/19/2012 3:29:25 PM

Tuesday, June 19, 2012 3:29:25 PM

Post# of 365850
Well I'm tied up in other positions atm or I would! I'm not a daytrader and so my round-trips are limited. It's a bit of a gamble but I don't think VXX will open more than 30 points higher overnight. Given that, VXX could still move to 18 by EOW and I would still be roughly tripling my position. It's more likely that the market opens green tomorrow and then fades IMO, although we both have the right idea with calls regardless.
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