3/13 Monday

Daily log

Last week’s VIX index made a big move. It was from the recent 19-20 pts to about 30 points in the later half of Thursday and Friday. The term structure is also almost flat. We have a week and a couple days until maturity, will it enter full-scale backwardation, or will it settle down again? I’m worried about it, but firstly I have to think about what to do with the position for the March period.