It appears that VXX will get nailed again today. M
Post# of 128
Posted On: 03/21/2012 9:28:38 AM
It appears that VXX will get nailed again today. My BE at this pint is $20.00 and $22.15 at expiration on September 16th. The only problem I foresee is that if VXX really gets pummeled down hard, they will reverse split to maintain the share price which is never good for equities and really really bad for options.
I'm going to wait this out for a bit longer. I don't need a huge run to get me even YET...just a decent market correction and maybe a world even or two.
Who will win...Mr. Market or VXX?
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