Really with a VXX long, the implication is the market is moving down so there are a number of ways that could be played, whether long short term VIX futures like UVXY or short the SPY, QQQ, IWM with whichever vehicle you prefer, whether a straight equity short, an inverse leveraged ETF like SPXU (3x short S&P), SRTY (3x Short IWM) or SQQQ (3x short QQQ).
We've already opened a lot of those core short positions. For now I'm going to add to the UVXY position, which is still at speculative size. I may look at calls in a bit.
Is interest rates about to start going up?
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Yes, I know - it does not make any sense - FED is about to cut
rates...but....real world interest rates are not always what FED wants it
to be.
5 years ago
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