NaughtyPines
Long

LOOK FOR VIX SUB-13 TO REENTER LONG IN VXX/UVXY OR SHORT SVXY

INDEX:VIX   CBOE Volatility Index
Having exited a VXX             short call diagonal setup today, I'm looking at further opportunities to get back into a long VXX             or long UVXY             setup, and -- as previously noted, I'll be looking to VIX             for guidance, since both VXX             and UVXY             suffer from contango and their "bottoms" are slippery slopes that are gradually eroded by contango over time. In other words, what's a "bottom" now in VXX             and UVXY             may not be the "bottom" next week or next month or the month thereafter if we have prolonged low volatility .

You can naturally also short SVXY             on a VIX             sub-13 level, since it's an inverse ... . In its case, its top is the slippery slope.
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