Given the political tongue lashing healthcare has been taking in the media all day,
and tomorrow’s Jackson Hole Speech I think it wise for long only managers to buy
portfolio insurance.

VXX..37 8/26/16 Call expires tomorrow. This is the strike with the most open interest.

It’s hero or zero with these. Do not trade more than you can afford to spend on an expensive dinner

​The VIX Etf’s have been getting hit as the Equity Index Futures remain soft.

The premium for tomorrow’s 37 calls are around .62 cents which is just about the risk in the to own one of the ETF’s and pitch it on a dovish statement.

I’m buying a 5% position in the VXX for a trade into tomorrow’s speech. It’s currently trading @ 37.05.