One of the rare times I buy VXX. The SPX gains were too lopsided against it, so I would expect a spike in the morning.
Nota
See what happens in the morning. The ratio improved, so I'm not as confident anymore, but it's still not bullish yet. Fortunately my UVXY puts had a 5% increase in IV, so only down about two cents.
Nota
I like the way it's going so far, even though markets are a bit higher.
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I'm closing out for pretty much breakeven on my options. Don't think we'll see i spike now, at least right now.
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