RE:You might as well go with VXX callsIt may be easier (less risky) to buy SPY puts. You have to be perfect with your timing with VXX calls. You can’t get stuck when the SP500 is in a tight trading range. That’s another problem with VIX ETF's. HVU/GXX decline in January was due the tight trading range.
I’m not trying to sell gold. lol. The monthly/weekly chart for GC/GDX/HGU is showing a great long term set up. It’s looking like gold could be entering an Elliot Wave 3 on the monthly. I’m suggesting this for those that want to get out of HVU and take a rest with a longer term buy and hold.