1/3/2023 Tuesday. A happy new year!

Daily log

A Happy new year.

This is the movement of the VIX index in the final week of 2022, or rather, last week. Since the market closed on 26th, it is actually 4 days movement. It’s about 22 pts plus/minus 0.5 pts. As for the contango, it’s finished by deepening little by little while maintaining a beautiful shape.

I hope that this year will not be a big backwardation and the contango will be maintained. Backwardation is also fine, but if it doesn’t last long and you return to contango, it will be a chance to add the position.