Its tempting to cover shorts - but I think sometimes you want to capture beta with your short book. I would hold shorts here until the VIX curve hits 5 at least. Vix curve is spot VIX - 8 mth VIX future.
Its tempting to cover shorts - but I think sometimes you want to capture beta with your short book. I would hold shorts here until the VIX curve hits 5 at least. Vix curve is spot VIX - 8 mth VIX future.