VXX price pattern got/kept us in calls (here, and here), but what made VXX rise as much as 50% today (with call options up as much as 10X that percentage) was Barclay's "tinkering" with macro supply and demand dynamics (see link below). Everyone is still trying to figure out what happens next, which makes this a good time to take some, or even most, profits on a good trade and move on to the next opportunity. I'm leaving some calls on here into expiration because of all the possible outcomes in the next few days, including VXX being priced in triple digits....to zero digits and anywhere in between. Biggest Vol ETN Breaks: VXX Halted Four Times As It Soars, Completely Disconnected From The VIX Note for future reference: Sometimes these Fibonacci price extension targets absolutely nail it.
