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VXX - ES Weakening with even greater Technical DivergencesVXX coming back to lower end of Range. We are preparing for a large Selloff in the next 48 hours. VXX Entries are Laddered down to 24.50 from 27.05. M1/M2/M3 VX Curve as well M3-M4 provide pressure for now... Only for Low Participation - We anticipate a High Tomorrow at the latest for ES. It can hold off as late as Globex... we'll be 40% into our SELL with the follow on SELLs into September TF 8th - 21st. December will be our Futures SELL, SEP the Hedge.
CBOE:VXXLong
by HK_L61
4
VXX - Adds beginning @ 1K per Handle to 25M1/V1 & M2/V2 Roll is in trade. Settlement occurs the same day (Wednesday) as the FED Minutes. We're cool with being early, it's better than late when this blows up and it is setup to do so. The Speculators want a massive blow off. 5K ES everyone. Yeah, naw. Not yet, we need to see a panic sell in order for the FED to double down... and they will. Then, we will see these insane targets for ES YM NQ RTY. The VIX is going to explode higher when it reverses, 30% in a single day as the reversal takes hold.
CBOE:VXXLong
by HK_L61
4
VXX - Amazing Trade Setting UpA solid Hedge for VIX Complex Traders is the VXX. VXX is comprised of Short Volatility Instruments - M1 (or Front Month of VIX Futures Contract "July" until tomorrow's settlement) and M2 (August VIX Futures Contract). Yesterday we observed the Short End of the VIX Curve trade to "Par" where July and August traded to 2460 simultaneously. The Short End of the Curve immediately was SOLD heavily as the threat of Backwardation was not to be permitted in the Curve. When Backwardation in the Volatility Curve occurs, it is a leading indicator of the "Potential" for a large move higher in Price of the Complex. This threat was SOLD into immediately. We immediately SOLD VXX against Buys we had opened @ 20 on the July VX and began selling July as price moved to 21s - 2365 was our preferred exit pivot for the burst higher. The VIX has broken 2285, 2175, 2075 at present on the Front Month settling tomorrow. 100% of the VXX will be contained within August VIX and the Roll into September VIX will continue into the next Rollover. BY example - Aug @ 96% / Sep @ 4% on the 22nd of July. The accumulation of the Sept. VIX Contract will continue until it is solely comprised of Sep VIX at the next Rollover for Aug. Sep VIX slowly builds from 0% to 100% as we move from Contract Rollover to Contract Rollover. As the Chart above illustrates, there is opportunity within the VXX during these times. Using the VXX as a hedge against the VXM (Micro VIX Contract) can be immensely rewarding - Traders can use both sides of the Trade, knowing "Backwardation" will not be permitted (until it cannot be contained).
CBOE:VXX
by HK_L61
2
VXX Sold Calls - 16 Jul & 23 Jul ExpiryI'm weary of my exposure to VXX and will try to reduce my exposure to it. For now, the price action seems to be stabilizing below the S/R line of $38. This month's entries seem tight due to the price offerings and when I entered. I'm not totally happy but it is manageable just not as defensive (Previous VXX trade I could get a good price at +60% from the strike) I might exit these trades a week early and take a smaller profit so that I can get better Aug prices. My Concerns on the VXX: 1) Inflation worries seem to be quietened but this will come back 2) VXX has an exposure to the Tech sector and that sector is pretty volatile especially with it's crazy bullish moves Sold 45 Calls @ 1.02 Strike 51 - Expiry 16 July Sold 15 Calls @ 0.82 Strike 46 - Expiry 23 July BP Block: 53K Max Gain: Est $5285.76 % Distance to Strike 51: 37% % Distance to Strike 46: 29%
CBOE:VXXShort
by Ronin_trader