When shorting VXX you often are trying to profit on decay, independent of small price swings. Pairing each shorted VXX share with 2 shares of SDS (Short SPY, leveraged) produces a position that is short on the volatility (short VXX) but partially hedged for price movements. WARNING: a short VXX position exposes you to VXX spikes that can result in portfolio...
TLT's AH gap often rivals it's day returns. More over, the gap is often negatively correlated with returns during normal trading hours. This presents as the daily zigzag observed between daily returns (Blue) and AfterHours returns (Red). A 5 day EMA (bottom) of both AH and intraday returns shows when its most profitable to be long/short TLT by day and then take...