VIX fly / spread journal

closed another nov @ 18.05 at the close

i have 1 nov left with an avg price of 17.55

total pnl to date is +0.95 vol.

 

i lifted 18.25 on the nov.

current position is only in nov. avg level of 17.89

*edit* - also, i know this is a "fly / spread" journal and this position is only an outright.. but the spreads will come in time as well. i promise. lol

 

novy gettin crushed today. added at the close at a level of 17.15

 

my avg cost from this is 17.69

i sold one at 17.50 this morning.

this gives me -0.19 pnl


total pnl to date is +0.76 vol with cost basis of 17.69

 

lifted a 17.00... trying to make it out of this with some pnl still.

cost basis is now 17.43

 

it seems like your are going counter trend, I am not sure how good that would be with the vix.

 

VIX is volatile. two days doesn't make a trend in this (in either direction).

 

you may be right, but vix is mean reverting (albeit over longer time frames), but there is some reversion to the intra-day/daily chop as well.

*edit* and what was said above

 

I agree vix is mean reverting in long term, but you would not be able to hold Nov future for long term.. In the short term i think there might be some evidence that vix is trending. Any opinions here?

 

Counter trend on what time frame?