volatility city.

Looks like I will survive with my VXX puts, but I just see the ETN continuing its bouncing off of 16 and up to just above 20. There must be some people who lost their minds buying 16.00 strike @ .61 with only 2 days until expiration.

Now that the Supremes have kicked the can down the road again on healthcare, we are going to be in a holding pattern on the market. 

Otter - you know as well as I do if Germany leaves the Euro they will go into recession since they export so much to the PIIGS. 

Hope you guys were long the VIX

VXX calls. 16,17,18 strikes. bought 18's on Monday. 17's and 16's yesterday.
my best trade YTD. whoa. 

is 19 too young to retire?

Financials up after hours as a result of better-than-expected (or less-terrible-than-feared) ratings downgrades. Could mark a short-term bottom in financials, which in turn could provide the US markets with a pivot point to bounce off of. We're still on the right side of the 20-day SMA, and until that fails, I'm tentatively bullish.

I GOT CRUSHED!!!!!

Steve- I was holding SPY calls against the position, which i sold at the close today. Because The SPY is trading at 133 and the VXX at 16 its kind of hard to get the balance right. They only protected some of the losses i incurred on the VXX today. I was also adding to my position on the VXX at the close. I will point out though that i will not be adding anymore. Datsik was on point with his call yesterday on today's price action. We have a little hammer that formed on the chart today. As long as the market doesn't blow up in my face on Monday I'd like to stay in the trade.

nas - was able to sell my VXX this am with about 9% gain so it worked out fine for me. That was a nerve shattering week though. I will need to study this ETN further before making any future "bets" since that is sure how it felt. 

Guys should go big or go home and trade the UVXY. 

The Otter Way said:

made to trade said:
Guys should go big or go home and trade the UVXY. 

 Bought the VXX July 23 calls on friday for .27 and unloaded back at .42..... I am happy!

Nice.  I've been working with futures because I feel thats the best way to hedge VXX and related ETNs.  Bought July's for 2190 (on Fri also) and they are at 2260.  Might close out soon, odds are decreasing for a move in my favor as the VIX goes up!