Edit: closed near 11. I decided it could be time and started small position shorting SVXY via longer dated options (dec 90/80 put spread).
After Jeff Gundlach mentioned he longed VIX with 400% return potential, I was intrigued how he managed that. I think its one of ETNs such as SVXY/XIV etc. My prob to make money is near 70%, I will post my experience and how i managed
Dec +90p/-80p/Sep -95c for 1.6 debit
After spending many years in Wall Street and after making and losing millions of dollars I want to tell you this: it never was my thinking that made the big money for me. It was always my sitting. Got that? My sitting tight!