We continue adding to our Buy to Opens in the M1/M2 VXX Short Dated 30 day rolling maturity.
Front Month M1 has held support repeatedly, 18.60 for the M1.
Daily Weekly Monthly Supports are holding and presenting a large opportunity for levered gains.
VXMT is supportive of a move higher.
Probability remains extreme @ +86%
The pattern, which for going on 7 Months has been the same.
We see Price Action in the VIX Complex within a tight timeframe
surround ST Constant 30 Day Maturities (M1/M2) - during Roll
Week (prior 2nd Wednesday of Front Month M1) into Settlement,
the 3rd week.
Every Month this skews the VXX on the ST Curve as it front Loads
100% of exposure to Roll Yield.
77%...