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Dr. Fly
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
23,473 Blog Posts

Volatility ETF Breaks: TRAPPED SHORTS SCRAMBLE TO ESCAPE

Dr. Fly Tue Mar 15, 2022 10:14am EST 1 Comment

If you shorted VXX hoping to profit off peace in the Ukraine, your brains have been blown out today.

We started to see this yesterday with VXX outperforming UVXY, which should be impossible since the latter is supposed to be 2x VXX. Now we have a full fledged ramp in VXX, likely due to shenanigans in the derivatives markets and also to some extent trapped shorts. Whatever the reason, which I’m sure we’ll soon learn, this ETF is now broken and you should steer clear of it.

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One comment

  1. cancel19
    cancel19
    March 15, 2022 at 10:44 am

    I still remember $XIV and the after hours heist.

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