Volality Trades...

I've been updating the VXX for some members trading VIX options and doing very well, so there's another trade you may not have considered, the moves that can be captured with options are quite big and quite fast.

Here's your update on the VXX, which has been (in recent updates) looking like it was going to take off.

 Just to give you an idea of the leading positive divergence today, it's already larger then anything this month and probably further back. Also note the relative positive divergence (white arrow), the idea here is price is around the same level, but 3C is much higher showing stronger accumulation at this level then at the last, which rallied well.

 The 5 min chart is already seeing that leading strength bleed in to it.

And again on a relative basis, the 30 min chart which would be much stronger accumulation then a 2 min chart, shows a large relative leading positive divergence, which is also what we see in the daily VIX chart. Remember the VIX/VXX move inversely to the market, so strength is both, is a negative for the market and confirms the readings in the market averages, although they are the mirror opposite.