7/24 Monday

7/22 VIX traceDaily log

Last week was a changeover week, the July period ended and the final month of August began. As we can see the graph, the movement of the VIX index seems to swing around around 13.7 pts. But if we look at it in the long run, it seems to be stable at a low level. If the VIX is stable at a low level, it means that the contango is steadily deepening and unrealized gains of 1m or 2m are accumulating over time. In fact, the August 1m positions is close to the target of 1.5 points. Nice!