Putting On the VXX
If you feel like you are coasting into the end of the day trading alone, you just might be. Most folks are recapping their best or worst of 2012. The rest of us are making predictions for what's to come in 2013, but no one cares anything outside of the Fiscal Cliff today. Monday will be much of the same. I suppose there may be a manager or two making a last minute end of the year adjustment, but it seems the small volume we are seeing is more reactionary than anything.
As I mentioned before, the better trade over the weekend may be taking a few puts on the iPath S&P 500 VIX Short-Term Futures ETN (VXX), so I have sketched out one calendar put spread along with two potential diagonal put spreads to take into the close....258 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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