Options Insight: How to Play VXX

The video tutorial discusses the current state of the VIX and its futures curve, highlighting expectations of rising volatility. It explains the concept of term premium and the impact of unknown events on market volatility. The VXX, an ETF tracking volatility, is analyzed, noting its behavior and reverse splits. A trading strategy involving VXX options is proposed, aiming to profit from the expected decline in VXX.

What does the term 'term premium' refer to in the context of volatility?

What is the proposed trade strategy involving the VXX?