Trade for 4th March (Mon) - 5th March (Tue) With such a hot market in place (still very strong momentum), even though spot vs UX1 has built a big gap on friday and in long run there is no sign of "fear" yet. However the contradict move for UX1 March on Friday indicate a long VIX model signal.
Stop loss: 13.8 (30 mins post US open, basically to avoid a big compression)
Profit take: 14.35 (or let it run if VIX surged)
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As signal expected, UX1 rise on the run (i.e. as mentioned let it run...), high was around low 15 handle, EOD 14.7. 14.8-15 holved around for sometime, so PL is around 75-95bps (i.e. 750-950USD per contract)