With the slow grind higher in the market and the $VIX futures curve in a pretty good contango now, I decided to dip my toe in $SVXY today.  Even when the market was down this morning, $SVXY stayed positive.  I’m still leary about the market and expect it to pull back so took a very short term trade.

Bought stock @$47 and sold March 25 $47 calls @ $1.00

If this doesn’t cause the market to pull back, I don’t know what will.  Even if the market does pull back a bit now, $SVXY likely won’t drop much given where $VXX is at and the look of the curve.