### Comment:
It also isn't meant to be a money pit. If VXX pops, you get called away at a 1-2% gain.  
  
 If it doesn't you lose like 25% a year 
  
 most hedges don't work. just create a portfolio with a level of risk you can handle. If thats 100% stocks good, if it's only 60% stock thats ok too.

### REPLY:
Yeah it should be as cost effective as possible and thanks for the suggestion. But why do you say a 1-2% gain? Someone is going to exercise a call I sold on VXX when it is still 48% OTM? Or I guess you are assuming it will deteriote so much by the next spike that overall I will only make 1-2% profit by that point?

### END.