Tag Archives: contango

Bought back my short VXX calls

I just bought back the December strike 52 and strike 57 calls that I shorted some days ago. They were shorted at close to 300 each and were worth 80 and 40 now. The possible additional gain is limited and … Continue reading

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When should the VXX be shorted ?

If you want to short safely, my recommendation is to do it only if the following conditions are simultaneously met: 1) VIX reaches very high historical levels 2) Both 1st and second month futures are very high and backwardation starts … Continue reading

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