Trading XIV, VXX, UVXY, VIX options, VX futures, also 2035.T (NKVi), and other products.
This journal is dedicated to My Lady Vol, the Goddess of Volatility, an exalted being who spends most of life in deep slumber and who sometimes, with little warning, wakes up and exhibits classic borderline personality disorder. In other words, a harsh but very seductive goddess, indeed.
MISSION: In this journal I will analyze some of the VIX-related trades I am making, with particular focus on losses. I will also add comments and insights into volatility of all sorts, with the goal of becoming an expert on volatility.
Trading strategy:
swing trading -- long cash positions in XIV, VXX and UVXY based on indicators, favorite strategy is long XIV.
strategic options -- credit spreads in VXX and UVXY, favorite strategy is high IVR UVXY call spread
Iron rules:
no shorting VXX and UVXY
no selling naked calls on VXX and UVXY
no VIX calendar spreads