3/20 Monday

Daily log

Last week’s VIX index was a volatile move. It showed a big swing between 23 and 30 pts. Because it was a lot of momentum, I thought it would break through the 30 pts for a while, but it dropped again from there. I’m not sure if it was a good decision to close my positions with a loss or not. If it’s going to be backwardation, I want it to be obvious shape. Then it’s easy to make a profit if it’s an easy-to-understand move that will return to contango over a month after that. But I know that life isn’t so easy.