buying VXX or HUV

It appears there's no fear right now, which is remarkable in light of AAPL's continued tanking.  GS, a key stock to watch, seems to be at very overbought levels. 

We're essentially placing a bet that the market will soon correct, perhaps materially, and we'll do so via purchasing VXX (those in Canada, consider HUV instead which trades on the TSE).

VXX was last at $22.80 while HUV was at $3.10  We won't use a stop level as for us these are to hedge market risk per existing long positions (not diarized herein) in general equities. 

Serious speculators might consider February or March call options on VXX at the $25 strike, last traded at $0.60 and $1.30 respectively.  Going much further out, the January $24 strike also appeals which last traded at $5.25

Disclosure: We hold existing positions in both VXX and HUV.





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