Bought a Little More UVXY

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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”

  1. I just averaged down like a mutha.

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