It's not just a four letter word, its a symbol for a stock that as pointed out yesterday, is breaking out of both horizontal and downward sloping trend channels,, a powerful combination that demands attention for pattern recognition trade purposes. The company operates a digital investment platform and it has been getting a lot of attention over the past few days with the elimination of pattern day-trade rules and regulations. The added attraction here is that this was once a $79 stock, now trading for under $10 and as such as some very inexpensive out-of-the-money calls. Buying the May 15th $7.50C looking for $10 on the stock by expiration. Late Note: VXX touched $29.95 this morning. Above $30 triggers buying VXX May 15th calls per Monday's update. VXX 120 Minute A spike in volatility would result in triple digit gains in any of the above strikes.
