Wednesday, May 19, 2010

Bought VXX at $28.38


I bought yesterday on the New York Stock Exchange the iPath S&P500 VIX Short-Term futures (ticker: VXX) at $28.38 for a total of $10,000. Stop loss: $21.0.

The entry signal was given by the two moving averages (20 and 50 days) crossing each other with a high volume.

Goal is to make some profits out of the increased volatility currently affecting the stock markets by taking a position in an instrument that provides access to equity market volatility through the CBOE Volatility Index (the "VIX Index"). More info on VXX here.

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