VXX Calls?

We are giving POTUS, this Tuesday off.... Following up on VIX Records? 

Over at a financial forum... July 25th Nattering - Am I mistaken but are VXX October 16.00 Calls at 50 cents today?

P - VXX/Naybob – No one believes it can go higher.  The Oct $13s are just 0.80 – I'd pay more for the extra $3 in position.

We Nattered... I like the cut of your jib on those 13's. More on various traders buying boat loads of fiddy cent calls, here and here.

With October contract, we get Sept Fed meeting (guaranteed raise and announcement of when the taper starts), and an equinox for good measure.

This guy bought 262K October contracts with a strike price of 15 and is selling 524K October contracts with a strike price of 25. If the VIX hits but doesn't exceed 25 before October expiration, that cat would see a $262M payout.

That 1X2 bull call spread is this….

P - VXX/Naybob – And if the VIX goes to 50+, he and his trading house are BK.

We Nattered... Look at a weekly for the VIX going back to 2008, notice what happens around 1st – 2nd week of Aug and continues sometimes until end of Oct?  One exception 2010.  Note: that affect in the VXX ETF is extremely muted.  And yes, anything over 35, he gets in deep banta poodoo and Out.