XIV September

XIV continues to tread water, supported by weak contango. Initial position is 200 shares. Will scale in lower. Waiting for the drop. With the cumulative advance/decline line making new highs and the NDX following suit, I suspect divergences in SPX and RUT (not making new highs) will weigh in the very near term.

 

 

 

 

 

The XIV trade is promising even during extended periods of backwardation in the VIX futures. Modeling of position sizing and entry/exit triggers is ongoing. The trade above is live.

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