$UVXY $SVXY – so as is normally it’s pattern, the VIX looks to have topped out and MAY be starting it’s elevator ride back down. UVXY topped out at 17 early yesterday morning. If it can’t exceed that by the end of the week, the advance is probably over. I’m glad I was as aggressive as I was selling calls. Unfortunately I didn’t liquidate any of my long stock.

At least SVXY is rising again. If it reaches 53 by Friday all my short puts for this week will expire. There was never any doubt that all the short calls I rolled into this week with strike prices in the 60’s would expire.