Moreover, compelling opportunities based on the VIX's fear and greed dynamic remain going forward.About VXX VXX is designed to provide access to S 500 volatility through CBOE Volatility Index (the VIX Index) futures. The ETN offers exposure to a daily rolling long position in the first and second month VIX futures contracts and reflects market participants' views of the future direction of the VIX index at the time of expiration of the VIX futures contracts comprising the Index.(VXX decays heavily over time due to contango under most normal market conditions, and does not make for an efficient long term trading vehicle. VXX is designed primarily for short term trading, and is a very speculative trading instrument.)The VIX's Fear and Greed Dynamic The VIX is often referred to as the "fear gauge", as it surges in times of increased market uncertainty and volatility.

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