the position is still stable but no profits to speak of, +85 right now unrealized. i don't look at it all the time, so i am not sure what the max PL it has shown so far. the other day, it did show -200 which is probably the largest DD so far. it is possible that i have overprotected myself at the expense of profit potential. but we shall see. June Futs will expire at a faster rate as we moving close to June so the position should be more profitable unless VIX skyrockets. Right now my game plan is to sit and watch. If there is another VIX spike to >19-20 I will consider closing Oct Fut for a profit and letting the rest expire.
the position is showing some real profit for the first time. i am thinking about closing June Fut and bailing out from the rest in the next few days if the volatility pops.
closed June Fut. the trades are in my educational account so i always eat the spread which cuts into profit. +~$340 right now (realized+unrealized)
took advantage of VIX spike to close the long legs (too bad before the big spike in VIX). total realized profit: ~+$650 (notice that the spread cost me $300 so the profits would have likely be higher in real life if one were to fight for the spread)
i am proud to say that this trade is as simple as it is genius. this is a good example when there is no point to over-analyze things when SPY normalized by Gold sits at the major support proven invincible in 2010