We finally have time to post as we were trading all day! The emails sent this morning and this afternoon explained our strategy. Here is what transpired:
Despite the fact that we said to avoid The Meat Grinder-We planned hard last night.
A. We were already holding the XIV (Betting volatility would go down) @ $10.10
B. We bought TVIX (Betting volatility would go up) before The FED meeting @ $39
C. We sold TVIX after The Fed meeting @ 44
D. We doubled up on XIV @ 9.70 ( 9.90 Cost Basis)
XIV closed at 10.72
Thus, +13% on TVIX AND currently +10% on XIV
Sometimes you just trade it perfectly. It was a good day today!
