• Oceanstats
    How messed up is this...VXX down 1.10..DOW up 180...My VXX puts..same as yesterday,,,that's bs.
    4/12/12
    Reply (7)
    • samal: as far as i know it always goes up before closing
      4/12/12
    • Ocean Man: My VXX short is up 8.4% today.
      4/12/12
    • samal: what price u got it for?
      4/12/12
    • Josh Krause: VXX puts are double losers with small moves. As the VXX falls, the IV will fall with the generval VIX decline and kill your gains.
      4/12/12
    • Oceanstats: The last 20 min would have helped but i got out. Went up .20 after i got out even though VXX remained the same and market stayed the same.
      4/12/12
    • jimhsu: Hence synthetics (if your broker allows them) or spreads.
      4/12/12
    • jimhsu: Additionally, theta and vega decay (which you want anyways with a short vix position) help if your spread is in the money.
      4/12/12