Vixxy Vixxy (VXX)
Besides the usual high volume stocks such as Bank of America (BAC) and Nokia (NOK) is the Path S&P 500 VIX ST Futures ETN (VXX) making the list.
The VXX is already at 15M shares before noon. We have all but forgotten about volatility in the face of the Dow Jones hitting 15K. Stocks can do no wrong and we all need to embrace long positions and not miss out on the gains. Blah, blah, blah. Meanwhile the VXX is getting all kinds of attention today behind the scene. Note that the VXX is less than 2% from its 12 month low, trading today down a smig at $18.38 a share.
Of course the market is charging ahead however the VIX has been dropping while the futures curve has been unfavorable as well. Turns out the VIX futures market currently trades in a condition known as "contango" a situation where contracts further along the futures curve are more expensive than front month contracts.
Fellow Masters, trading the VXX is dangerous but it might be worth a 1 to 2% consideration to hedge any craziness that could hit the market.
Best of the Blogs
Scanning and identifying the best blog entries every hour
- The Market Is Really Nervous Right Now (Video) | ZeroHedge
- "Dear Janet"? - China Devalues Most Since August, Yuan Tumbles To Lowest Since Sept 2010 | ZeroHedge
- Oil’s Biggest Threat: Demand to Peak Within 15 Years | Financial Sense
- Third Wave Of Internet Cyber Attacks Lauched, Dyn Warns | ZeroHedge
- Steve Wynn Slams Obamacare, Warns Government "Is Degrading The Living Standards Of Every Person In America" | ZeroHedge
- Dakota Access Pipeline Coalition Lashes Out At Obama's Attempt To "Ignore The Rule Of Law" | ZeroHedge
- Wikileaks Releases Part 14 Of Podesta Emails Bringing Total To 25,000; Exposes Soros' Contact Info | ZeroHedge
The most relevant financial news and articles from the Internets
- Why you should stop letting your dog lick your face | Business Insider
- This timelapse video of five Manhattan buildings getting demolished is... | Business Insider
- Vin Diesel predicts Oscar success for the next 'Fast & Furious'... | Business Insider
- US retailers should look to the UK in order to... | Business Insider
- Russian officials have reportedly requested to 'study... | Business Insider
- The easiest way to tell if your batteries are dead | Business Insider
- Watch 'Hamilton' creator and star Lin-Manuel... | Business Insider