Fighting back

I am of the opinion that the correction will be over relatively soon and the volatility will subside. The model doesn’t suggest buying XIV (now replaced by SVXY) so I didn’t add to what I bought yesterday.

Instead I bought VXX put options this morning, strike 35, expiration April 20. I paid 3.20, now they’re worth 4.60. To be clear, I’m not recommending anything (lest someone gets angry with me later), just sharing my views and experiences. I am also planning to buy more puts struck at 30 tomorrow or a little later to bet on my view that VXX will be back below 30 by April 20.