I don’t think there is any chance for much more than the 30% allocation I have on for the MIC entry this month. The VIX fell from 22 back down to the 12s which is an insane volatility drop. What does that mean? Well, we are going to get paid shit all for our risk and the market is likely going to keep going up and up on a v-shaped rally fuelled by shorts covering and side lined money afraid of missing the boat. This is a difficult environment to deal with especially with an extremely low variance entry and, well, the market risks are still present aren’t they? Greece and China issues both didn’t just disappear, they could rear their ugly heads again and with the VIX at 12.98, we’re not getting paid for those risks. I sit out on the MICs until we get a big down day but unfortunately that has to happen before Friday, which doesn’t look good.
I might look at putting on a conservative M3 trade instead..it’s more conservative than the MIC.