Recognizing that equity tops/volatility bottoms are processes and not events, I scaled into a little more UVXY to bring my cost basis below $10. While I await the bottom in vol, I will opportunistically add a little UVXY each time the daily $VIX stochastics get into the single digits near the close, which they did today. UVXY is now 4% of my capital at cost basis ($9.75).
One Response to “Bought a Little More UVXY”
Lawrence Bird
I just averaged down like a mutha.