Trading volatility is Volatile!

Incredible day.. I went long volatility yesterday by buying $UVXY at the close.  I sold today after a 10% spike up. I went short volatility, by buying $VIX in the last 30mins and just closed that out for a quick profit.  Trading volatility is really volatile!

Check out Term Structure.  When in Contago buy XIV, when in backwardation buy VXX or UVXY.

http://www.tradingvolatility.net/p/datasourceurldocs.html

$UVXY tracks the S&P500 SHORT TERM FUTURES INDEX ^SPVXSP

The implied value can be checked with ^UVXY-IV