looks like we need 17.75 on the vix now to get out of inversion/backwardization.

Of course it seems like it is taking forever (at least a lot longer than previous spikes) because we all need it to get there.

My accounts took a huge haircut on SVXY and at this point I would be happy just to see it get back to 20. At least that would only be a 50% chop instead of an 80% trimming like it is now. Actually at 50 I would be back to the starting value of the accounts, would just be down the house money I made and lost and I can live with that.

As for the rest of the week, looks like everything will expire ITM on the CC and will let them call out (ERX, FAS, GILD).

On the put side have GM 42.5 and SMH at 103 for next Friday and will add some other #pietrades on Monday.