VXX

Zalanox

Just don’t fight the momentum! It’s nice to buy on a morning dip. Pre market and it’s all green and VXX is red grab those spy calls on the morning dip. The setup is not always there so don’t force it!

Tkrumroy

I'm buying VXX calls right before JPow speech

Immediate-Sky9959

If you worked for a Major Firm 2 things would be apparent: 1- you would never be putting into print thoughts. 2- you would NEVER divulge any trade you may or maynot have processed-Right at close we got this unusual VXX call order.

ylullllllll

Wouldn’t it just be smart to buy VIX or VXX calls now that IV is relatively low? Option prices seem very cheap right now. Thinking of doing a leap trade with August expiry.

Ordinary_Basis_1599

we're all getting greedy again too greedy and that'll be the top. calls until then. then VXX all the way. then inverse sentiment.

sarhama072

It’s not outmaneuvering market volatility. It’s placing a short side on a stock at a price where you are okay with selling it at. No one is claiming to be fully volatility proof over market Armageddon. Obviously if market crashes, most equities will fall as well. But you can hedge against that risk by buying strong securities (equities or commodities) that don’t follow the market to a high degree, but also have solid balance sheets, cash flows, and in-line PE ratios. Long story short, buy stocks that you love for the business they do. Don’t buy stocks because everyone else is buying them, or buy them to chase “fat premiums” Have a sturdy portfolio of equities and commodities you plan on holding for years to come, and then collect “rent” off the prices you are okay with selling the stocks at on a weekly basis. This is smart and efficient investing Obviously implementing other short term hedges like a VXX spread, or even put hedging is great. But this strategy is for the hands-off investor that checks his portfolio once or twice a week. Most people are not professional traders, and they should not pretend to be However, EVERYONE has the potential to be a smart investor

maximuminimum

VXX puking rn all you need to know how investors think volatility is over - we’re going to ATH Don’t get caught slipping. Point CAWK to SKY and BUY

speedstorm123

was about 55% cash, moving 10-15% of that into $GLD and $VXX (1x vix futes)

Optimal-Summer8523

VXX

Sukomoto

Puts on VXX

Glad-Indication2173

!banbet VXX 8% 3d

United_Agent9363

Roller coaster? Fucking parabolic arcs is more like it. FFS the VXX has outperformed SPY by 45%!

Glad-Indication2173

!banbet VXX 4% 1d

DrJ0911

Have you seen VXX or UVXY today? Made a brick in 30min of trading

Epicurus-fan

- The U.S. economy contracted by 0.3% in Q1 2025, marking the first decline since 2022, driven by a surge in imports and decreased government spending. Jamie Dimon said that a recession is a "best case scenario", ultimately looking at how bad the selloff will be today. The broader market is grappling with uncertainties stemming from trade tensions and tariff implementations, and the contraction news. Might take a minor VXX long as well

Epicurus-fan

- The U.S. economy contracted by 0.3% in Q1 2025, marking the first decline since 2022, driven by a surge in imports and decreased government spending. Jamie Dimon said that a recession is a "best case scenario", ultimately looking at how bad the selloff will be today. The broader market is grappling with uncertainties stemming from trade tensions and tariff implementations, and the contraction news. Might take a minor VXX long as well

buried_lede

The leveraged etfs move big and fast, really have to watch them.  SH isn’t. It’s nice and slow, just inverse SP500 I think the Vix might be helpful, like VXX, and VIXM. There are a few. The volatility seems sure to wax and wane  quite a bit for a while, seems to me.  Absolutely diversify. Everyone is affected by our economy but lots of markets are performing better than we are and are a good value.   The Vix can spike quickly when the volatility is high. For example, VXX might be trading in $70s , volatility in the “high” zone and it will suddenly spike to $90 and subside quickly, so I maintain an open limit sell order for partial shares in hopes of catching the spike and have done so once already, at $90.  This crisis taught me not to neglect international diversity. For years my Europe etf seemed to just lie there, and my em had scary china gov rug pulls all the time. I’m upping international a lot. 

empithos27

Options on VXX/SVIX/UVXY - options on an ETF based on futures of the volatility of the S&P500. More derivatives than calculus lol

putsellingregard

This chop is sickening, bring back VXX 60+ 

TopherBrennan

Thinking through the numbers I'm tempted to start buying VXX any time the index goes below 38.

Glad-Indication2173

!banbet VXX 8% 2d

Notonfoodstamps

VXX has been pinned $67 despite us gapping up over 2% after hours Do with that what you will.

Notonfoodstamps

The fact VXX has stayed more or less parked since 4am tells me all I need to know about this rally. Buying puts at open is free money

Ordinary_Basis_1599

I keep inverting and winning. On a very small scale as I have almost no money. But scalping a daily basis is working ok so far. Market is selling off? Buy calls around 2pm. Market in full rally mode? Puts it is. 2pm I'll buy VXX calls or SPY puts

Glad-Indication2173

!banbet VXX +4% 1d

sheehyct

Well in this case, I was trading VXX. There were trade halts on and off that day for many equities. So I was told the sale went through during a halt. I believe the rep who told me, still going to verify myself. My problem I kept explaining to Schwab wasn't the busted trade after I read hours of FINRA regs as I realized busted a trade after settlement is perfectly legal.....it's that the contract went into my account at the price I sold for. So a cost basis of $215 vs the $50-81 dollar range of contracts I sold. Which took 5 days to get corrected. That's the part I don't understand, that sure if the trade is cancelled...how do I now own a contract at well over 100% what I paid for it?

sheehyct

Depends on the day. Talk to the same trade resolution manager at Schwab and it's gone from erroneous pricing to extreme market conditions. A different rep dug for me and said at the time of sale VXX was halted. It had halts that day. I still need to personally find out if it was halted at the time of my trade which is easy to look up. But it was busted after settlement. And the 50 dollar contract I sold went near end of the day back into my account at the price I sold it for....215 dollars. It took about 5 days to get the cost basis adjusted back to what it should be which was then 81 dollars.... Don't ask. Just seeing alot of it on Reddit lately, especially on the Schwab sub so seeing how many people did get busted that day

Jbball9269

VXX going down

penguincheerleader

Theta trading VXX

Codicus1212

Are you prepared for infinite losses? Because losses aren’t capped to your original investment with futures. (I supposed your broker will margin call you, then close your acct at a certain point, so maybe not infinite). But how deep in the hole will you be then? Also, don’t buy VXX puts unless SPY is actively mooning (like that 11% green candle the other day). It’s insanely difficult to time VXX puts correctly, and there’s extra premium on the contracts to account for the futures which trade way lower than the fund. Personally, cheap OTM puts on QQQ dated 45~ days out would be the best move. Keep the position small. Take profits as you go. Reload after bounces (wait for consolidation and if you’re still bearish then re-enter once the price has broken the same previous support two or three times.

TineJaus

It's called VXX dailies, just make sure you sell positions after an hour and wait for the next announcement.

Sea_Impression3810

VXX calls

Dej28

!banbet VXX $85 1w

Mediocre_Surgeon

Stop getting frustrated you either get good at this or stay poor. When you see VXX spike and stay there it’s too late to buy options. IV is just as important as the stock going up or down when it comes to options. Buy monthly’s if you are bullish short term on a stock and don’t go all in at once, give yourself the ability to double down. Try to limit big plays to once or twice a year, don’t force anything. If you are not sure what the next play is hold cash and patiently wait for the next opportunity. Or just DCA into a couple indexes and work two jobs to try to retire at 45 maybe.

DoubleFamous5751

VXX still making parabolic moves up 

8yba8sgq

If Trump keeps his mouth shut, I think VIX will trend back down to 20-22 by Friday. I'm waiting for the VXX back below 50

Neemzeh

Man I'm so happy I'm not holding calls OR puts right now. jezuz. the change % is red on both sides of the chain today lmao. Knew I should have gotten some VXX puts last week. RIP.

Glad-Indication2173

!banbet VXX 5% 1d

MP1182

VXX killing my SPX calls

jabronismacker

UVXY I think. It’s 1.5x leverage. VXX is the 1:1 VIX ticker.

optionsGPT

20 seems like a stretch but who knows. I have 60s on VXX

CatalystOfChaos

Maybe, just maybe my NVDA calls and VXX puts will print If they print enough tomorrow, just cashing them out, long term holds be terrifying in this market

optionsGPT

VXX

Fangslash

I’ve traded CFD with IG and assuming it is similar they follow VXX and not VIX, so you on top of getting fucked by backwardation you are also paying the spread Or you are a incredibly lucky man and found a dumb broker that hands out free money

Sea_Impression3810

In 2020 I read an article about a guy that bought VXX calls before the covid selloff. Ended up turning like 5k into 1.4 mil or something like that. He was inspired by WSB posts. I had to come and check it out

goinshort

VIX futures are in backwardation right now. You are saying “short term volatility spike will screw you”. What you are assuming is someone is way over leveraged and unable to be short shares of VXX at 100-120 if short call goes ITM. If you are assigned short, hold until it drops back down and sell puts below your short strike you are short shares at. Do not over leverage yourself and make sure you will not be margin called if VXX continues to rise another 30-40% in the short term.

tendiemountain

I was thinking the same thing which is scary but: Short VXX, buy VXX calls to hedge, and ride it down. Yes, the hedge calls are expensive but they are needed in case shit really hits the fan to avoid margin issues. VXX short would go at delta 1 and the hedge is at delta .6 so you'd be net delta .4? Set it up on the next spike and drop it on the next dip - say 5-10%. Then again, I am regarded.

sheehyct

1. Yes I am grateful. But take a look FINRA broker check and our the amount of extremely basic violations from Schwab. 2. I will repeat it again, it is not about the money. It is about holding a brokerage accountable for the protection of other people who have a situation like this. This could have ruined someone's account given the total cost basis was $680. If all 8 contracts were busted and delivered the next day after settlement their cost basis is now $1,720 with an immediate P/L of -$960 instead of a gain of +$1,176. 3. It's an option contract. Of course with a volatile day/time decay/other Greek contributing factors every trade eventually could turn bad. Considering this trade you need to look at the price action of VXX and consider it's potential direction. VXX was at exhaustion risk. It failed to break to new highs on a higher timeframe. I'll link the charts below of the current day of the trade with its previous day H/L/C as well as a 1 year chart showing exhaustion risk. Debate as you wish. [VXX Exhaustion ](https://imgur.com/a/aDcQawv)

Acceptable_Oil_4719

Sorry to hear. I have QQQ and VXX calls for that reason but I’m heading with GLD and MSTR puts.

Taco_In_Space

VXX is the new SPY

99PercentLessFat

Shorting VXX now is basically a bet that the May contract will fall faster than the June contract. Currently VXX has almost fully rolled onto the new month. This should be a good bet for about 15-20 days as they roll the front month onto the second month. Given the current volatility, you may want to buy May VIX calls to hedge your exposure as you will be mostly expose to the front month contract over the next 15-20 days. Historically it takes about 20 days for VIX to reverse back. However, it can also go to 80 or 90 in the current environment. So plan ahead for any margin calls if you decide not to hedge. Most retail brokerages ask for 1:1 margin ratio with vol products and be ready to let 100% of your investment disappear. From a risk/reward perspective, if you expect a volatility crush over the next week, there are better trades than to go short VXX. The good news is that if you can hold for a very long time you will make a profit with 100% certainty. Good luck. I hope it works out for you. I currently hold VIX April and May calls and a short VXX position. Additionally, should you hedge and get a spike on the VIX, don’t expect the pricing of the options to reflect the VIX cash. These options will be priced far from fair value because of the expectation of VIX going back to a lower mean, making it a crappy hedge.

Roxapotamus

VXX establishes a 30d out vol position by holding the first and second to expire futures contract. It’s currently mostly in the second because the first matures this week and it’s synthetically holding a 30d vix position. When in backwardation (80ish% of the time) it decays rolling futures every single day. It’s currently the opposite. When, not if, vix spot goes below front month, VXX will crater. Short it. I’m all in

AbsorbingTax

My SVIX calls are rooting for your VXX puts.

Hamically

makes sense, so if VIX doesn't move I need enough margin to withstand the future(s) going up to the current spot. (which is like 10% so that's fine). On the other hand a spike/crush in VIX will send April up/down a lot more than May, so as you said, April is the short-term play. For context VXX is both expiries, rolled on a daily basis.

Fangslash

All priced in You can’t outright short VIX, it is not tradable Shorting VIX futures gets you buttfucked by backwardation VXX is basically the futures so you still get fucked by backwardation Long puts and you get fucked by IV Short calls and you get fucked if there is another vol spike So as I said, all priced 

rd26

I have 41 calls open over the next 90 days on SPY, and shorts on VXX. I picked my side. Right or wrong, I'll go down with the ship and work my Wendy's shift in between market hours. 🫡

FunCranberry112122

Idk if I have exact data for this but partly the reason why VXX goes down eventually is because at some point when VIX drops significantly the mean reversion starts to price in for higher vol later on. That puts a significant drag on VXX. But you need to keep in mind the steep borrow fee of shorting VXX (and no you can’t avoid this with options they have that priced in as well)

Hamically

I get you; the futures do price in mean reversion. Are you suggesting in previous crises there was an over-estimation of future VIX prices, and that's why VXX came down? And by implication, in the absence of such underestimation, then VIX comes down without VXX doing so? I'd be surprised if that happened.

Hamically

Wouldn't be surprised if the options price this in, but VXX seems to track VIX decent enough that I can't see it pricing reversion anymore than VIX (which doesn't)

sheehyct

u/Ken385 Man, you deserve an award for the research behind this answer. So this case is complex. So you or others don't have to read all of this is you do not wish to here is the picture from thinkorswim with timestamps/the exchange (took me a while to find this) \[VXX Sale Time & Cancellation/Repurchase Timestamps\](https://imgur.com/9xFqQC6) 1. I was originally told that the exchange that cancelled the sale was "unknown", after pushing farther I received another call from the same trade resolution manager telling me that they do not like telling investors the name of the exchange due to the potential of an investor filing a complaint that is not valid with FINRA or the SEC. 2. Timing of notification: Gets tough here, this is a joint brokerage account with my wife. It has separate usernames, Schwab trade desk looked at the transaction and repeated back to me my number as the transaction was made under my username...they were confused as to how I did not receive a call. My wife was called and left a voicemail as the trade resolution manager considered her "primary" on the joint account (account was opened together, but this complicates the matter). I will post the timing (and cost) of when the sale was put back in my account. ***\*\*\*\*The phone call to my wife was 20 minutes after the option contract was put back into my account, at the cost I sold it for. Not the original price paid.*** 3. I was eventually told the exchange that canceled the trade. No reason from the trade resolution manager was given to me. I asked her to reach out to the exchange for a reason to which I was told this is not possible. I asked for another department or her superior to which she responded she did not have one. I clarified asking if she had a boss to report to to which she said no (this was later retracted. I today have found where on thinkorswim I can see what exchange it went through. 4. I asked if it was at all possible to obtain a copy of the current phone call or a transcript to which I was told no. This is incorrect and misleading, while they do not HAVE to give me the transcript, a Data Subject Access Request which would contain the transcript HAS to by law be responded to (even if denied). I was never informed I could request my personal information. I have spent hours reading through SEC Law and FINRA regulations and while there are many variables at play (especially with SEC law) I believe FINRA prohibited conduct was violated. Specifically, *"Misrepresenting or failing to disclose material facts concerning an investment."* \-I was told at first that there was no knowledge of what exchange cancelled the transaction. Also the phone call regarding the cancellation/repurchase occurred after it was already back in the account. *"Failing to use reasonable diligence to see that a customer's order is executed at the best possible price, given prevailing market conditions."* \-If a sale was cancelled, the contract should have been delivered/bought back into my account at the price originally purchased, not the price I sold it for. I called at 3:45 pm est 4/10 and was told this person who left me a voicemail had left for the day and works only from 11 am to 4 pm. It took half the trading day on 4/11 to get in contact with her. All this time I had a contract with a cost basis of 2.15 that could not be changed as no representative had encountered this situation and they needed to speak to the trade resolution manager if there is a reason behind the cost basis. Sorry, long post....very much appreciate you looking into the exchange sells. I owe you one. I know its a small amount of money, but the level of disrespect and hostility the trade resolution manager spoke to me with makes me want to push this. It is not about the money at all. Not sure where to go from here, sure I could do a FINRA complaint. I feel like it could be handled through Schwab if I could find the right department which I will try to do tomorrow. For now ..... its time to start looking for another brokerage.

DoubleFamous5751

Yes, there’s still a lot of uncertainty, an elevated vixx, a bond market under immense pressure. We’re not out of the woods by any means. A good idea to keep an eye on the VXX. As long as we keep having days with 2%+ ranges we’re still in very volatile and dangerous territory.

therealoptionisyou

I'm holding VXX and I'm confused about what to do. Might be a bull again for the time being.

Ken385

Schwab can't control if a trade is busted by an exchange, but they do have a duty to give you this information in a timely manner so you can deal with it. Telling you the next day the trade is busted does not seem timely, this is what I would argue with them. When an exchange busts a trade, it must be done in a manner prescribed in their rules. There are numerous reasons for a bust, but there are specific exchange rules in terms of why it can happen and the time frame for the bust to take place. I looked up time and sales for April 9th for the VXX April 17th 60 put. It looks like a total of 4 traded at 2.15 in 3 separate trades on the PHLX exchange, 1 at 12:38:04 (CT) market at time was 2.00 - 2:15 2 at 12:38:06 (CT) market at time was 2.14 - 2.25 1 at 12:38:04 (CT) market at time was 2.15 -2.25 1 also traded at 2.30 at 12:45:49 (CT) with the market than 2.25 - 3.25 at the CBOE Look at the details of your trade and see if this was the time/place yours took place. You can also ask Schwab for the details of where your order was filled (which appears to be the PHLX). You can then contact the PHLX to see why the trade was busted and if all their rules were followed. Schwab may be able to assist you here. You will want to find out when specifically, the trade was busted by the exchange. It seems unlikely it was busted the following day. In short, if all the exchange rules were followed in the bust, your best avenue of complaint is saying Schwab didn't notify in a timely manner (if in fact that is the case). In that case your potential damages would be based on where your option was trading when they "should" have notified you.

DoubleFamous5751

One of the worst weeks to start playing with options. When the VXX is that high it’s a powder keg for massive sudden moves

PortGlass

Why is VXX up so much today while SPY has been pretty flat?

therealoptionisyou

I think I will try that next. Tired of having to time the market. It's a casino anyway might as well treat it like one. Also: VXX - the only thing I make money on consistently last week.

mouthful_quest

VXX if you don’t want the risky leveraged play.

Much_Secretary_7328

I assume now you're thinking VXX puts?

HypaHypa_

Sold VXX calls criminally early 

CatalystOfChaos

It's me, I'm the retail buying leveraged ETFs My port currently is IAU, leveraged ETFs, Nvidia calls, VXX puts.

parker2020

lol FYI peak covid VXX WAS 90 😉

Taco_In_Space

I was debating getting 1DTE ATM calls on VXX when it was bottoming today. kicking myself.

shindiggaa

thinking VXX puts

YugiohXYZ

I feel like a master today. Up several percentages by going full port on VXX. I bought it at market open. Basically, guess it was more likely than not we dump than pump, but in case we pump, I don't want to lose too much. Reliable profits until we wait for more news about the economy and tariffs 

pancaf

Same boat here. I rarely make bets on the downside like you and I finally decided to buy some VXX this morning as a hedge to the long term portfolio. Down 25%. It should have been an obvious market bottom signal. 😅

AceMcStace

Holy shit my VXX 42p are alive lol

GiltCityUSA

I meant VIX, or volatility. VXX is a ticker symbol for a volatility fund.

Small_Fortune2712

VXX HALTED!!! BURN THAT POS TO THE GROUND!!! 

InvestmentSoggy870

What is VXX? Thx for the lesson in advance.

GiltCityUSA

I am not an expert but I have been following the market for decades. My thought is that the market usually has a floor following bad news. We have seen that bad news play out, go back and forth, but now it looks like trump is sticking to his guns and keeping these tariffs in place. Hopefully the market found it's floor based on that news. But there are earnings coming up which will probably drive the market down further -- just a guess. VXX is always a solid play in times like this.

Internal-Manager253

SPY and VXX green is good for everyone, right?

Taco_In_Space

Not if the only puts you had were VXX.

Taco_In_Space

I bought VXX puts yesterday, I will buy calls today. I don't think I can lose.

DaarthSpawn

VXX

swerou

Second that. Updated thoughts on VXX?

02042020

VXX calls

KemShafu

Buying DXD, SBB, watching VXX, SVX. Stepped out of VXX today, I was up then down then way up and folded my cards. I'm too old to play poker any more.

More_Nose5467

Someone told me last night to get VXX at $67 today… and yep, I missed it

Ordinary_Basis_1599

2 days of glorious gains by inverting the market late morning early afternoon. I wish I had real money right now. buying more TSLA 5/\`6 100p today when it broke over 240 was amazing. holding them for tomorrow. Got a VXX 4/10 100c lottery ticket too. now I just need GYNA to raise tariffs tonight and EU to say no deal for Mango

02042020

VXX calls PRINTING RN

KemShafu

I put some cards in on VXX today, I go make some coffee and I come back and I am up 3.45 on each bid, lol.

wrongrobertpatrick

I loaded up on VXX and SPXS when y’all mooned

Taco_In_Space

got most of my VXX puts in place. suck it

RubiksPoint

I think that PapaCharlie's point was that the calculation of VXX doesn't use VIX. It uses the VIX futures which (at this moment) are in backwardation, meaning that the futures are already lower than the VIX itself. The VIX would have to fall faster than the /VX futures are implying in order for a short VXX position to work out. You can view the VIX term structure at [vixcentral.com](http://vixcentral.com) . VXX simulates holding a mix of the front-month and the next-month such that the weighted time to maturity of both the futures positions is around 30 days.

Taco_In_Space

closed my VXX puts from yesterday before the IV crush started from this stagnation.

Blazzer675

VXX calls it is

WinningWatchlist

Other people selling to avoid that scenario out CAN screw your price and take out liquidity, it becomes a vicious cycle and at that point your money is stuck there (likely for months) and you can miss the entire market move we're experiencing now. It's just easier to short VXX IMO.

Taco_In_Space

I'm getting out of my VXX puts at open. I think we're still going to be on mr. toad's wild ride today.

SULT_4321

Market opens in the red, and S&P 500 drops 7% by 10:00 am hitting the first circuit breaker resulting in 15 min halt in trading. This is followed by another 6% drop by Noon resulting in another 15 minute halt. We end the day with ~18% decline close to the third circuit breaker (20% decline for the day). As bear gang I will continue to hold my SPY puts. I have SPY $400p 4/27. I suspect the market will drop 40% from the peak before the whole stock market is halted for 2 entire weeks by Donnie. If you can, right at market open get $TVIX, $VXX,$UVXY, $SQQQ and ride it down and sell before end of the day. Near market close and at the trough for the day buy far out LEAP calls on &SPY to 2026, 2027.

val_in_tech

Short VXX directly and get protective calls if needed. To size up the risk - look at historical VIX max, calculate by how much VXX rizen accordingly, add 50% margin