1/16 Monday

Daily log

The highlight of last week’s IVX index movement is the big drop from the 12th to the 13th. It started at 21.5 pts on the 12th and dropped all the way down to 18 pts by the end of the 13th. In spite of that, the deepening of contango was not as much as expected. I closed the position before the long market holiday before maturity, but I missed to reach my target. Still, it’s good because I got enough profit.

Does VIX move to 15 pts in the future, or return to around 25 pts? Let’s see.