VXX was the Play this week for sure. I would loooove to see SPY hit new highs this next week if not tomorrow. Spy top is only 180.50 and that's half a buck away and futures are up. I'm not even playing with options that expire tomorrow, I have next friday and dec13 but the weekly was where the money was yesterday. If spy hits new highs vxx will collapse. But tomorrows options are too risky cause of resistance and the tendency for the mm's to fuck with the price just cause its expiration. Next week is holiday week low volume so perfect time to ramp it premarket like always. No reason for things to be any different pomo forever.
So what I'm saying is, if you have the capital to play some lottos tomorrow. The VXX 44 puts will be dirt cheap, and if the market goes up / stays up / especially if it hits new highs, vxx can easily break down below 44, and whether you hold or dump your position piece by piece or trade it, there will at least be volatility enough for some quick trades. especially as far as calls are concerned if the market goes up but then starts turning around. Those vxx calls will have massive % ranges. Personally, I think it's more likely the market will go up tomorrow, but I'm playing with more time.
