Novice Trade: VIX

I think we are going to see some more action over the next few days. Implied volatility does not seem to want to relax too much. That said, I think we are going to see VIX back to 11 before too long (Labor Day).

One of the interesting things about the VIX ETFs and ETNs is that with the VIX futures curve flat, much of the "roll decay" these products have is actually reversed. Thus, VXX actually has the wind at its back. If I want to play VIX to back off, I am better off just buying puts in VIX itself....34 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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