$iPath Series B S&P 500 VIX Short-Term Futures ETN(VXX)$ Last week, the one month skew $Cboe SKEW Index(SKEW)$ of $Cboe Volatility Index(VIX)$ moved upward in parallel by 1 point, marking the second consecutive week where VIX overreacted due to the skew's parallel movement.
This indicates that volatility traders have struggled to properly price in market dynamics, which has resulted in higher volatility fluctuations. I recommend using VIX options instead of SPX options to hedge against the upcoming market uncertainty.
I'll keep adding to my positions in VXX and $ProShares Ultra VIX Short-Term Futures ETF(UVXY)$ because I believe they’ll bring even bigger returns in the future!
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