VIX ETNs Are Here!
Last week I mentioned the good news that their will be ETN’s to trade the VIX. Well, they’re now here. They started trading on Friday at 100 and in the first two days of trading the short—term VIX ETN had an 8% range (very good). The symbol for the short-term VIX and the one we’ll mostly focus on is VXX. The symbol for the intermediate term VIX is VXZ.
There are an abumdance of opportunities here for us. We have over a dozen years of VIX research in our database and this research is going to be a plus as we begin trading it.
I see the VXX offering us a number of opportunities including directional opportunities, hedging opportunities, arbitrage opportunities, along with special situation opportunities. I’ll likely start giving trade suggestion beginning next week in the Daily Battle Plan. This is all good for us and I’m excited to start trading the VXX.
Please start tracking VXX each day so you can become familiar with it before we trade it.
Have you tried a free trial to our TradingMarkets Battle Plan? Every day we’ll provide you with incisive, before-the-bell commentary and analysis on the day’s markets to help put your trading in context. We’ll give you suggested entries and exits for trade opportunities that may be only hours away. And we’ll give you what many other people can’t: model-driven percentages so that you know the historical win rate going back to 1995 for every single trade idea—