Look at the total returns of VXX and you'll see why it's tempting to take the opposite position. There are plenty of reasonable arguments to short vol, eg: htt

Look at the total returns of VXX and you'll see why it's tempting to take the opposite position. There are plenty of reasonable arguments to short vol, eg: https://www.nomura.com/events/9th-annual-global-quantitative-investment-strategies-conference/resources/upload/3_30_Nick_Firoozye.pdf https://www.nomura.com/events/9th-annual-global-quantitative...