At the end of the regular trading session on Friday VXX closed at 25.58, down 0.14 on the day. Accordingly, there apparently was no Buy Signal as described in Friday's special VXX Alert. But even that 0.14 loss was enough to push the oscillator just above its trigger line. Today (Monday) VXX is up above $26, removing any ambiguity about the signal triggering. Buy Signal: VXX (26.00) Option: Sep 18th $26C (2.20-2.24) or Sep 18th $28C (1.68-1.70) Trading Note: VXX trades are typically all or nothing propositions. Expect these calls to quickly rise into triple digit returns, or expire worthless. There will unlikely be an in-between resolution. Manage participation accordingly.
