Current Portfolio (8/23)
Barclays designed VXX to go to zero in the long run, barring continuous jumps in the Volatility Index which I believe to be almost impossible. I have earned high annualized returns by shorting it on every spike and covering a few days later. Today I bought to cover a position initiated on Thursday for a return of 4%, or over 100% annualized.
I added a short position in Prepaid Legal Services and the CurrencyShares Japanese Yen Trust.
CASH (~25%)
LONGS (112.5%)
50%
AAPL (short put)
10%
BCO
25%
C (short put)
10%
GGP
7.5%
GLOI
10%
MFCAF
SHORTS (37.5%)
5%
BG
5%
CHCO
5%
DLR
12.5%
FXY
5%
MCO
5%
PPD
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