gfp: Well, I'm back to even on SVIX. I'm willing to hold on until $18.00. I think that any VIX spike will eventually fade for now. Ed Dowd thought the tariff concerns are overblown in the short term. With the VIX plays the spikes usually don't last long. I was almost ready to throw in the towel with UVXY a couple of times when I was slightly underwater. But holding until I sold was the right play. I'll have to look at my cash balances. If we get a further market pullback on Monday and Tuesday I might be a buyer of more SVIX. Investors are skittish. The market lacks direction. It's like passengers on a boat shifting from one side to the other, over and over, afraid that the boat will capsize. I still think the market will calm down, the summer will see us in a trading range. Complacency will set in again. And the big rug pull will happen in September. That's just a guess however.
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