I usually send out the "Into The Close" Alert during the last hour of trading, but the way the market is giving back its gains and that VXX is making new highs for the week, it's going out now. ---------------------------- The last time the VXX 2-Day Stochastic triggered VXX rallied for six weeks, running from $14.60 to a high of $78.84. If a repeat performance is in the cards, VXX July out-of-the-money calls offer an attractive risk:reward alternative. The most recent VXX Call Option Table, posted earlier today, contains several July 17th VXX calls. The trade is to take any June VXX calls that may still be open and put some or all of it into more July 17th calls. The expectation based upon the February signal is that VXX will reach into the 70's - 80's before July expiration. This is a high risk trade insofar as VXX already has run from $29 to $45 in the past week. Based upon the Feb signal, VXX may still have a long way to go.
