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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