Archive Category: Max Profit Alert Archive

Well, we finally know what happened at Barclays… First, to recap how this saga began: On Monday, March 14, Barclays announced that it would immediately suspend the creation of new shares of the iPath Series B S&P 500 VIX Short-Term ETN (NYSE: VXX). The $33 billion British bank didn’t share why it was doing so, only that the decision had nothing to do with turmoil in Ukraine. I trawled Twitter and found that every well-connected analyst and fund manager I follow was utterly perplexed by Barclays’ move.

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I have important news to share with you related to the iPath Series B S&P 500 VIX Short-Term ETN (NYSE: VXX), the long-volatility vehicle I recommended buying call options on yesterday. Barclays, the issuer of this exchange-traded note, announced yesterday that it had suspended the creation of new shares until further notice.

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My team and I are knee-deep in research today, so this will be a brief update.