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VIX ETF Near Limit Down (Again) - Biggest 3-Day Drop On Record

Tyler Durden's picture




 

For the 3rd day in a row VXX (the VIX ETF) has been crushed lower (nearing its 10% circuit-breaker limit-down). This is the biggest 3-day drop in VXX on record...

 

 

This is VXX's biggest 3-day drop since inception..

 

as it is testing back to its 50- and 100-day moving-average...

 

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Thu, 09/17/2015 - 15:05 | 6561509 we built this city
we built this city's picture

This is the same etf Zero hedge insisted it will rocket because of short covering!

yes  several different articles  about the VXX soaring you posted!

 

guys as i wrote before- you have no clue about markets- you've been wrong for years and you continue to do enormous damage to your followers

Thu, 09/17/2015 - 15:07 | 6561528 NoDebt
NoDebt's picture

I'm getting tired of dragging my 'Dow 20,000' hats in and out of storage.

Thu, 09/17/2015 - 15:09 | 6561539 SheepDog-One
SheepDog-One's picture

Just got me a new DOW 50,000 one printed up! Got a free 'Team Yellin, Fuck Yeah!' T shirt too!

Thu, 09/17/2015 - 19:07 | 6562812 HungryPorkChop
HungryPorkChop's picture

As I've posted before, if there's anything that is more manipulated and fixed than gold or silver its the VIX.  The VIX is controlled like a puppet on strings. 

Somehow they have their algo's set to always push down the VIX. 

Thu, 09/17/2015 - 15:10 | 6561548 FeelinFine
FeelinFine's picture

Comes with new and improved zimbabwe style dollars!

Thu, 09/17/2015 - 15:54 | 6561792 cnmcdee
cnmcdee's picture

This is a trap rally get out!

Thu, 09/17/2015 - 15:07 | 6561531 SheepDog-One
SheepDog-One's picture

What are these 'markets' you speak of?

Thu, 09/17/2015 - 15:20 | 6561600 HardlyZero
HardlyZero's picture

Risk is a devo(lved) concept and no longer exists (/).

Onward!

Thu, 09/17/2015 - 15:09 | 6561544 Captchured
Captchured's picture

That 3rd chart would seem to indicate that the VIX did rocket upwards. Perhaps you need to reference the date of the articles you mention against the chart above?!

Thu, 09/17/2015 - 15:24 | 6561622 undertow1141
undertow1141's picture

Seventeen days ago never happened for him I'm guessing.

Thu, 09/17/2015 - 15:12 | 6561558 Bill of Rights
Bill of Rights's picture

I don't think the intention is " Investment advice " sir..

Thu, 09/17/2015 - 15:16 | 6561575 we built this city
we built this city's picture

cut the crap mr bill

 

 

are you a zh staff- probably 90% that you are ,,,

 

Thu, 09/17/2015 - 15:40 | 6561691 DaddyO
DaddyO's picture

Your posts reek of stupidity!

Anyone who goes to a site like ZH for investment ideas, knowledge or advice gets exactly what they deserve.

If on the otherhand you want to build a city, then ZH is absolutely a must stop for advice...

DaddyO

Thu, 09/17/2015 - 15:57 | 6561817 bnbdnb
bnbdnb's picture

If your investment advice is buy everything all the time, and you end up being right...you aren't an investor. You're a lucky moron.

Thu, 09/17/2015 - 15:25 | 6561625 mktmkr
mktmkr's picture

Exactly.  Where is the ZH track record?

This site is pure entertainment.  You blast people for being wrong and yet you have zero accountability yourself.

Why do you care so much about being "right" all the time?  It's about making money.  If you're short stocks during QE Infinity you're not being a hero you're being an asshole.

At least Gartman admits when he's wrong.

Thu, 09/17/2015 - 16:11 | 6561931 wallstreetapost...
wallstreetaposteriori's picture

tool.

Thu, 09/17/2015 - 16:24 | 6562015 mktmkr
mktmkr's picture

Good one.

Thu, 09/17/2015 - 15:28 | 6561642 Arnold
Arnold's picture

Subscription back guarantee.

Thu, 09/17/2015 - 15:41 | 6561700 back to basics
back to basics's picture

@ we built this city

Most of us here use the information presented by ZH to INVEST, not trade. Big fucking difference.

None of us are crazy enough to trade against machines that can react in milliseconds to insider information they were handed......YESTERDAY !!!

In short, we keep stacking and wait.

Thu, 09/17/2015 - 16:05 | 6561888 xrxs
xrxs's picture

You should probably tune into Cramer and Gartman on Bubblevision instead.

Thu, 09/17/2015 - 17:33 | 6562398 lincolnsteffens
lincolnsteffens's picture

You should have kept your mouth shut until the closing. Now that was a bit of short covering. Who knows what tomorrow will bring but that was a pretty wild reversal day after the algo pump and dump.

Thu, 09/17/2015 - 18:44 | 6562723 Quinvarius
Quinvarius's picture

Dude they point things out.  Most of this is contributed anyway.  They are ideas.  You can take them or leave them.  I didn't agree with any of the VIX backwardation observation article a couple days ago.  But it was still an interesting observation.  And I don't think it came from the site itself, like most of the actual ideas.  Data and observations are not wrong.  So no.  They have not been wrong for years.  They have presented tons of information from every point of view.  Some of the contributors are wrong.  But I still want to hear their ideas.  You think Gartman works here just becasue they quote him?

And yeah.  The market is broken as shit, as they keep pointing out. That is probably the only thing they repeat as a theme.

Thu, 09/17/2015 - 15:05 | 6561514 q99x2
q99x2's picture

FAS its the ETF of the money printers.

Thu, 09/17/2015 - 15:06 | 6561525 slaughterer
slaughterer's picture

But, but .. Tepper told me to buy VXX just last week.  

Thu, 09/17/2015 - 15:14 | 6561567 we built this city
we built this city's picture

lol - Zh told you to buy the VXX!

 

read  lastest articles  from Tylers about the VXX....

the difference is that Tepper made alot of money since 2011 and was wrong now

Zh is wrong since 2011 - said markets will collapse! ang again was wrong now about VXX

 

A small difference....lol

Thu, 09/17/2015 - 16:12 | 6561942 wallstreetapost...
wallstreetaposteriori's picture

tool.

Thu, 09/17/2015 - 16:34 | 6562084 City_Of_Champyinz
City_Of_Champyinz's picture

If this was an actual market with real price discovery, and not a manipulated mess being held up by a bunch of idiot politicians and corrupt bankers it would have corrected years ago.  Instead, we have what we have, something nobody trusts at all anymore...

Thu, 09/17/2015 - 15:06 | 6561526 SheepDog-One
SheepDog-One's picture

No problems everyone! FREE MONEY comin again!! yay.

Thu, 09/17/2015 - 16:20 | 6561990 FreeMoney
FreeMoney's picture

Im right here dude.

Thu, 09/17/2015 - 15:07 | 6561530 q99x2
q99x2's picture

Shows over everything is crashing.

Thu, 09/17/2015 - 15:12 | 6561555 Haole
Haole's picture
“The illusion of freedom will continue as long as it's profitable to continue the illusion. At the point where the illusion becomes too expensive to maintain, they will just take down the scenery, they will pull back the curtains, they will move the tables and chairs out of the way and you will see the brick wall at the back of the theater.” - Frank Zappa
Thu, 09/17/2015 - 15:57 | 6561788 HardlyZero
HardlyZero's picture

That Escalated Quickly...and it's gone.

 

Now there will be deflationary spiral (first).

Then will the EM now be getting on every plane and train for the Developed Market ? 

Everyone will just move to new digs...and then finally hyperinflation as all markets collapse and there will be no Oil or fresh water.

Thu, 09/17/2015 - 15:11 | 6561553 aliki
aliki's picture

$1 billion for sale on the close so far ... early

Thu, 09/17/2015 - 15:12 | 6561560 aliki
aliki's picture

negative dot plot question now asked

Thu, 09/17/2015 - 15:31 | 6561654 Mr. Bones
Mr. Bones's picture

If there's no volatility to be found, why not hike?

Thu, 09/17/2015 - 15:41 | 6561698 Ajax_USB_Port_R...
Ajax_USB_Port_Repair_Service_'s picture

Get ready for LIMIT UP!

Thu, 09/17/2015 - 15:42 | 6561710 FranSix
FranSix's picture

VXX buying opportunity gifted to nimble traders.

Thu, 09/17/2015 - 15:55 | 6561804 HardlyZero
HardlyZero's picture

Volatility and Escalation for the wild ride, followed by deflationary spiral, then hyper-loop-inflation.

Thu, 09/17/2015 - 17:03 | 6562235 rex-lacrymarum
rex-lacrymarum's picture

Exactly

Thu, 09/17/2015 - 17:08 | 6562257 xrxs
xrxs's picture

I am not gifted. I was run over by UVXY and left some $$$ on the table.

Thu, 09/17/2015 - 15:50 | 6561715 TheRideNeverEnds
TheRideNeverEnds's picture

as someone short enough VIX products right now to choke a mule I can tell you it is not down..  least not the front month expiring tomorrow.

 

was a few minutes ago, it was down a lot but you dont know gamma till you hold last day ATM VIX options positions on a FED day the day before tripple witching after a big selloff. 

 

shit moves man, it moves fast.

 

on a side note, remember when the market was dictated by the movement and wellness of Apple stock alone?  Well the tops clearly in; Apple is finished.  What does that say for the market now? 

Thu, 09/17/2015 - 15:57 | 6561815 HardlyZero
HardlyZero's picture

Apple like Disney.  Noticed yesterday the market was up and Disney down.  Wild.

Thu, 09/17/2015 - 16:06 | 6561889 HardlyZero
HardlyZero's picture

Is this the new China last 15 minute sinularity crash now ?  Every market is rigged for the last 15 minutes before close.

Needs some Nanex analysis...and a instantaneous Swirl-O-Gram to show the cavity vortex forming in the economies.

 

Sure looks like a singularity in the markets (now), which can open up at any time.

Matrixy.

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