RE: Hey genious!Hey Dsurfer,
The VXX is an ETF that tracks the VIX. The VIX is an index that shows the volatility in the S&P 500. Generally speaking there is a strong negative correlation between volatility and the market. Since markets spend 80% of the time going up and 20% going down and we know they crash hard I feel that the best way to play the VIX is to only buy when volatility is low. Historically whenever the VIX hits 15 something happens. So buy VXX when the VIX hits 15 and only take it as a short term position. Right now I feel is a good time to buy due to the uncertainty in the markets in the next couple months. This is only my view and I hope you can form your own.
Regards,
Zach Green