Hi @Eadwig, Well I sold my VILX today as I was clearly in profit but overcoming the buy and sell commission payments on the small value that I bought was a problem. I originally bought 10,000 at 1.63 which cost me £175, I sold at 2.39 today which yielded £228 so hardly a fortune. But 2.39 having bought at 1.63 is a 46% increase so had I bought more then the gain would have been more interesting. Given the major moves in the indices and the VIX I’m a bit surprised it didn’t get higher than 2.4 - last December it reached 10.x.
For much of the time that I was holding I was way way down though, the very small absolute value of the price meant that daily moves were extreme. Only when the VIX really got going did I manage to get into profit on my small experiment - so I took the opportunity to exit in case it falls back as there are some signs that US indices are stabilising…?