04-19-2021, 04:04 AM
(04-17-2021, 12:26 PM)NilesMike Wrote: Bought the 2nd leg of a 3 tranche VXX trade. Volatility WILL pop. When? Don't know, but I'm here for it.
Did you just directly buy VXX?
I've never messed with volatility before but I do share your feeling that it will pop sooner or later... and probably sooner rather than later. Is VXX a pretty straightforward "buy & hold until it pops" or is there more to this? It's based on options, so does that mean that this isn't too suitable for a long term (several months?) hold?