tag:blogger.com,1999:blog-897456774486153841.post6150355307234323418..comments2024-03-28T06:07:36.391-07:00Comments on VIX and More: VXX Sets New Volume RecordBill Lubyhttp://www.blogger.com/profile/01241003017364820134noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-897456774486153841.post-79760405966921210862009-03-12T12:14:00.000-07:002009-03-12T12:14:00.000-07:00vxx is even better for some people... i guess. vi...vxx is even better for some people... i guess. vix options have OE date. but vxx is... etf.stonebathttps://www.blogger.com/profile/13067880752297712041noreply@blogger.comtag:blogger.com,1999:blog-897456774486153841.post-87126123706869181722009-03-12T12:12:00.000-07:002009-03-12T12:12:00.000-07:00lol. some don't even know vix oe day?last july wh...lol. some don't even know vix oe day?<BR/><BR/>last july when market was making a bottom, large amounts of deep otm vix call options were bought. you know... deep otm vix call options are a lot cheaper now. if it is cheaper to hedge, why not buy equities with hedging? that seems bullish case for me.stonebathttps://www.blogger.com/profile/13067880752297712041noreply@blogger.comtag:blogger.com,1999:blog-897456774486153841.post-91151825925333225042009-03-12T11:05:00.000-07:002009-03-12T11:05:00.000-07:00My hunch is that the VXX volume spike is a (contra...My hunch is that the VXX volume spike is a (contrarian) bearish sign. <BR/><BR/>My thinking is partly due to the countless number of people who have purchased VIX options and then emailed me with some questions about why the prices are not moving as they thought they would...only for me to discover that they had no idea VIX options are not based on the cash/spot VIX index and did not know when they expired, when the last day of trading was, or even how settlement was determined.<BR/><BR/>So I suspect people who think "options are too complicated for me, but I understand ETFs and ETNs" could probably get in over their heads fairly quickly with VXX -- and that VXX longs are probably less sophisticated investors than (retail) VIX options traders.<BR/><BR/>Your scenario of VXX as a hedge instead of a speculative directional bet makes some sense. I would love to be able to get a better sense of VXX activity.<BR/><BR/>Maybe I should put a poll up.<BR/><BR/>-BillBill Lubyhttps://www.blogger.com/profile/01241003017364820134noreply@blogger.comtag:blogger.com,1999:blog-897456774486153841.post-60643376921372013802009-03-12T11:00:00.000-07:002009-03-12T11:00:00.000-07:00is this bullish sign?buy double triple leveraged e...is this bullish sign?<BR/><BR/>buy double triple leveraged etfs and buy VXX as a hedging?stonebathttps://www.blogger.com/profile/13067880752297712041noreply@blogger.com