I refer to my post of May 19. I had bought VXX (the tracker that follows the performance of the VIX, the CBOE Market Volatility Index, that reflects the "fear" present in the market) at $28.38. Today the price of VXX jumps higher; I sell it at $34.23, making a 20.6% return in just 2 days and increasing the portfolio with $2,062.
I believe the VIX is due for a pullback tomorrow. I may decide to enter again in VXX later. Stay tuned.
The VIX index now stands at 44.61 (see weekly chart below). During the October 2008 crisis, the VIX had reached a level of 83.
This is like participating in the shares. And making interest towards that for make money.
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