A couple of weeks ago, I gave a trade update on my short VXX trade. My trade was to short the VXX calls in anticipation that geopolitical fear would recede and that the market would bounce back. I was correct; since my trade, the VIX/VXX has tanked and the market is back in rally mode. I closed out the short calls for a 65% gain. I hope that this trade shows you a couple things.