As a potentially profitable opportunity presents itself, John will send you an alert with specific trade information as to what should be bought, when to buy it, and at what price.
Trade Alert - (VXX)
Buy the iPath S&P 500 VIX Short Term Futures ETN (VXX) at? $41.14 or best
Opening Trade-Triple Up
4-10-2014
Portfolio weighting: increase from 20% to 30%
Number of Contracts = 243 shares
Lowering stop loss on the total position to $38
It?s a good idea to take out insurance like this as we head into the seasonally weak May-November period. As everyone in California can tell you, it is cheaper to buy earthquake insurance now, rather than after a Richter Scale 9 shaker.
Note: This is not an option trade. It is an exchange traded note. Therefore, you buy the shares like any other stock or ETF.
Here are the specific trades you need to execute this position:
Buy 243 shares at ??..................??.$41.14
Net Cost:????????????....?..?......$9,997.02
(243 shares X $41.15) = $9,997.02
