Before I get to today's post I'd like to mention that we recently released an e-book titled, Fundamental Concepts and Strategies for Trading Volatility ETPs,
The persistent substantially negative VXX Bias of 2012 and 2013 has given way to a choppy pattern in 2014 that is no longer friendly to shorting volatility. The +142% (2012) and 85% (2013) gains in XIV are behind us and now XIV is just +14% year-to-date with three months to go. This lagging performance was largely expected, as we outlined nearly six months ago.
If you are interested in following along with us or learning more about our services please visit our Subscribe page.