Tuesday, November 23, 2010

Swapped out puts for a long Dec VIX pos

In reference to my earlier post Uptrending Equity: VXX should no longer have massive decay,  now Dec VIX is trading at a discount to the VIX index, while Jan VIX is still at a pretty good premium.  So I'm swapping out my SPY puts for a long Dec VIX position.  I'm in the money a fair amount on this trade from just the last few days