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The Wall Street Greek blog is the sexy & syndicated financial securities markets publication of former Senior Equity Analyst Markos N. Kaminis. Our stock market blog reaches reputable publishers & private networks and is an unbiased, independent Wall Street research resource on the economy, stocks, gold & currency, energy & oil, real estate and more. Wall Street & Greece should be as honest, dependable and passionate as The Greek.


Seeking Alpha

Thursday, March 12, 2015

Close VIX (VXX) Short Bets – 15% Gain Captured in 1 Month but Volatility is Back Now

About a month ago, I suggested investors short the iPath S&P VIX ST Futures ETN (NYSE: VXX). Volatility is back now, and the path of the VXX is more difficult to determine over the near-term. The VXX is no longer excessively over-valued in my opinion, and so I suggest investors take the approximate 15% 1-month gain here and close out positions. Some may consider going long volatility now into the Fed’s March meeting and thereafter if the Fed removes important language from its policy statement. See our full report on the VXX ETF here. Also interests (NYSE: UVXY), (NYSE: TVIX), (NYSE: XIV). 

Please see our disclosures at the Wall Street Greek website and author bio pages found there. This article and website in no way offers or represents financial or investment advice. Information is provided for entertainment purposes only.

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