Shares of iPath S&P 500 VIX Short Term ETP (VXX) is down .23 to 43.21.? VXX is at the lower end of the 52-week range.
Today paper traded 17,240 VXX Jan 10 Weekly 41 puts at .19.? ADV is 303,000 contracts.? The OI is 23,237 contracts.
The volume went up in one block close to the bid at the time.? The volume looks closing and the seller is giving up on a quick drop in VXX in the short term.? As of now they did not reopen another long put position in VXX.
30-day implied volatility is 48%.? ?10-day implied volatility is 46%.? 30-day implied volatility is trading above the 10-day historical volatility.
iPath S&P 500 VIX Short Term ETP (VXX) seeks to maintain a 30 day duration in short term VIX futures.