You have to be careful here. When vix derivatives enter backwardation they usually snowball. We are in a very early stage of that, so it might be nothing, but I'm keeping my powder dry. I hope the dream of summer 2011 replays here. It just might.
Keep posting your trades. You are a great contrarian indicator.
OK, just messing with you. I went long 21.53, looking for a short day trade.
This is not a buy and hold product, along with all volatility index products.
This market could see a late day sell-off again so be careful this afternoon.