The market is down hard this morning and VXX is starting to run. The stop on Dec $34 put remains at $1.63 VXX reverses Long above $35.89 at 1:30 pm EDT. If triggered we will be buying December calls, likely the $36-$38 strikes, depending the price of VXX at the time of the signal. Looking at this chart it tempting to go Long as soon as 35.89 is exceeded and not wait for the time window. In that case, the Dec $36 calls would be my pick. But note that early entries are not part of the rule-based system, so officially the portfolio will not go Long before 1:30 PM.
