Largest Positive Opening Gaps for VXX

How does VXX usually behave after a large gap-up move?

Using the 12 largest gap-up moves over the last 3 years in VXX stock, the average move was +12.0% with the single largest opening gap of +43.3% occurring on 5-Aug-2024. The following day, VXX stock price averaged +1.3% gains, with down moves exceeding up moves. The stock was down 75% of the time in that period one day after these significant gaps.

Open-to-High and Open-to-Low

The largest percentage gain from the open to the high of the day was +18.3% on 2-Aug-2024, while the biggest drop from the open to the low was -19.4% on 5-Aug-2024. On average, the VXX stock price gain from the opening price to the highest point of the day was +5.5%, and the average drop to the lowest point was -6.2%.

Day Drift Open-to-Close

The best performance in VXX stock price from opening price to closing price (referred to as the "drift" for the day) was on 2-Aug-2024 for a +15.1% gain after the stock gapped up +7.8% at the open. The worst worst return from the opening price to the closing price was on 7-Apr-2025 when the stock lost -9.2% after the stock gapped up +9.4%. Overall in the 12 available observations, the stock drifted higher 50% of the time for an average gain of +1.4%.