Our Counter Trades (CTs) picked up some XIV at 6.22 yesterday. Today we went trend shopping and picked up some TVIX at 69. We are trading volatility exclusively. Our plan is to trade the rising fear up and invest in stability at low prices. We think the trend is still down; however, we would like to fund our counter trades with profits from our trend following trades. We are skewed 4 to 1 long/short volatility. Our plan is to average down on XIV as TVIX goes up.
Check emails for for details on MAM
P.S. Looks like it is comming out of the cloud on the downside.
