VXX - Sniper's Scope Trained on the Back of your Head

24 июл. 2017 г.

What does it feel like to be a target in the crosshairs of a professional? Absolutely nothing.
When the shot is made, you'll never see it coming.
Likewise, this slow VXX descent into nothingness is unprecedented.
The Confederacy of Dunces, constantly driving the market to new heights, have stood unchastened for far too long without a remembrance of the last top.
I don't claim to know all or perhaps it's just my ignorance on how this product is constructed, but what I do know is that walking into urban battlefields without body armor is a fool's errand.
If you haven't already done so, it's time to hedge.
My advice? Buy body armor.
The VXX September delta 80 Calls can be picked up for about $2.15.
Don't think something could happen to the market 85 days from now? Good for you.
As for me, if my portfolio takes an unexpected shot, I can guarantee it won't be fatal.
I look forward to seeing the survivors back on the field to trade another day.