Replies to post #1590 on iPath S&P 500 VIX Short-Term Futures ETN (VXX)

[risk on]

Yes, in a vacuum , because VXX derives it's underlying value from short term puts on major sp holdings , in theory it means that not nearly as many puts were shed in anticipation of a perceived spy move up that one would expect. I guess the take away could Be that the market as judged by put contracts , is not believing this move is going to last. Lot of other variables not accounted for in that reasoning , but in spirit, yes.