[frep, frep header, header, logo] August 6, 2024 So much for being âexcitedâ last Thursday when VXX spiked to $51! Yesterday, the market tumult pushed VXX over $90, and it settled around $70. Thatâs $19 higher than last week, which is $19 further for us to trade VXX as it falls. [vxx] VXX yesterday with market drop popped to nearly $92, today it has settled around $70 Thatâs why Iâve made an update⦠[When you click here youâll see Iâve adjusted our VXX profit target](. Instead of 100% on this tactful short in six weeks, [Iâll be looking for more](. If youâre late to the partyâ¦Â There are three volatility trading products that possess âperma-decay.â Theyâre based off the value of expiring assets, so they lose value 99.99% of the time. Hereâs all three over the last year: [three charts] They CAN spike temporarily, however. It only happens .01% of the time, and it only happens for two reasons. In the last few weeks, VXX had BOTH: - It had a Reverse Split on July 24th, temporarily inflating the price of VXX
- And the market dumped over 2% yesterday, causing VIX futures to spike, temporarily inflating the price of VXX So right now, VXX is high. But as the charts above show, the long-term pressure of VXX is to the downside. VXX will fall, and [weâll time that fall.]( There is a LIMITED amount of time to still get in on the full trade plan for VXX though, [all the details are here](. [sig, mark sig, signature] Don't miss when our traders go live! Get an alert everytime we open the live rooms to all of our readers for free by selecting the calendar you use below. Add Option Pit Live Events to Your Calendar [Apple]( [Google]( [Outlook]( [Outlook.com]( [Office 365]( [Yahoo]( All the Right Options. The Option Pit Team brings more than 150 years of experience to you every day. From the trading pits of Chicago to the world's largest banks to the halls of power in DC -- they've done it all. Now theyâre collectively focused on one thing: making YOU a better, more profitable trader. Click the button below to schedule a call with our concierge Customer Care Team to find your best fit today. DISCLAIMER: FOR EDUCATIONAL AND INFORMATION PURPOSES ONLY; NOT INVESTMENT ADVICE. The materials presented from Option Pit LLC are for your informational and educational purposes only. Neither Option Pit LLC nor its employees offer investment, legal or tax advice of any kind, and the analysis displayed with various tools does not constitute investment, legal or tax advice and should not be interpreted as such. Using the data and analysis contained in the materials for reasons other than the informational and educational purposes intended is at the userâs own risk.
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