![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjJDNAXisMAX3I0x0wHES95mA6lsXcG4NBA0gpUex13z-DSCF5x8vaA2c1-PDcTUuPES1oc4qY01j4-amaxw4eWOjF1Z9R_iskDmSfakAQQRgTwLR_7lxoIOzA_umtJvi37-KsY/s400/q18.png)
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEih0JONK4tKkjT3Q95wdVMII2k0HtTKmLCZzltfuzoy98Y4h18lSCIETMzObzpi9Qs6JpJM0DgSVWNzP32NWwk-uGGfLMTV1Ousfc7501PQf0dBipr4MhjH16dhZ4CMicHfWI0r/s400/x18.png)
A whooping 23% drop in the VIX today brings it down and through the lower band and 20% below the 10 DSMA. I don't believe this condition can be sustained short term, although we may see a little follow through tomorrow prior to a reversal.
I went delta neutral on 30% of the portfolio this morning and ended up leaving some nice potential gains on the table. Nevertheless, the residual portfolio produced a good return today and because of my risk adverse attitude, I don't regret my hedging. I'm in a holding mode for the next few days until I see how the current pop plays out.
No comments:
Post a Comment