11-Feb-2025
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VXX Bullish Call Spread at $0.92 Appears to be a Good Buy
Market Chameleon (Thu, 18-Apr 6:37 AM ET)
VXX Bullish Call Spread at $0.73 Appears to be a Good Buy
Market Chameleon (Tue, 15-Aug 6:38 AM ET)
VXX Underpriced Bullish Call Spread has Profit Potential of 47%
Market Chameleon (Thu, 23-Feb 6:25 AM ET)
The iPath Series B S&P 500 VIX Short-Term Futures ETNs (the "ETNs") are designed to provide exposure to the S&P 500 VIX Short-Term Futures Index Total Return (the "Index"). The Index is designed to provide access to equity market volatility through CBOE Volatility Index (the "VIX Index") futures. The Index offers exposure to a daily rolling long position in the first and second month VIX futures contracts and reflects market participants views of the future direction of the VIX index at the time of expiration of the VIX futures contracts comprising the Index.
iPath Series B S&P 500 Vix Short-Term Futures ETN trades on the BATS stock market under the symbol VXX.
As of February 11, 2025, VXX stock price climbed to $42.90 with 3,890,161 million shares trading.
VXX has a beta of -4.27, meaning it tends to be less sensitive to market movements. VXX has a correlation of 0.70 to the broad based SPY ETF.
VXX has a market cap of $327.82 million. This is considered a Small Cap stock.
In the last 3 years, VXX traded as high as $666.40 and as low as $39.98.
VXX has underperformed the market in the last year with a price return of -23.5% while the SPY ETF gained +22.2%. VXX has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -4.2% and -3.6%, respectively, while the SPY returned +1.5% and +1.0%, respectively.
VXX support price is $41.00 and resistance is $44.70 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that VXX shares will trade within this expected range on the day.