VXX - There is a definite trend here.
Probably 2-3 months away from a decent move up. Stoch can't stay out of bearish zone (20) longer than 2 days. Sitting on lower end of VBP band. A close below this and price will drop pretty quickly.
Notable open interest changes for May 25th
Tuesday's total option volume of 14.9 million contracts resulted in net open interest growth of 3.12 million calls and 2.80 million puts. Apple (AAPL), Bank of America (BAC), Netflix (NFLX) and Baxter (BAX) saw the greatest growth. Top five new positions opened include 101k Baxter (BAX) 5/27 weekly 53 puts, 25k Weyerhaeuser (WY) Jun-16 37.5 puts, 25k Weyerhaeuser (WY) Jun-16 37.5 calls, 19k CHS (CYH) Jun-16 11 puts and 19k GE (GE) Jun-16 31 calls. :theflyonthewall.com
