VXX - In the pivot zone. Would prefer it hold today's bottom for a bullish setup. Splits on Wednesday and price will 4x. If it's held within the zone and moved back up above it, I'll be buying some calls probably a month out just out of the money. Might buy some shares. Stay tuned.
Some out there are predicting a volmageddon is coming. When that happens, there's usually the "initial shock" and then a 1-3 month consolidation before rippy. Last one was COVID. Initial shock in January 2020 topping at end of month. Retracement and consolidation through February. Then rippy. Those who held shares got handsomly rewarded. Keep in mind, this has been split since then. If it makes a new low, the apocolypse is cancelled.
“Give it hell Heinekandle, I’m enjoying it.”
- Farmer @ Johnsongrass, TX
“No secure borders, no alpha military, no energy independence, no leadership and most of all no mean tweets - this is the worst trade I’ve ever witnessed in my lifetime. ***Put that quote in your quote/signature section HeinendKandle*** LOL!”
- also Farmer @ Johnsongrass, TX (obviously in a worse mood)