Patterns repeat and repeat again, to emphasize the point.
See that VIX readings are bounded largely (~90%) of the time below 30, in the last 12 months.
To bet that VIX will run and stay above 30 for any extended period of time, is pure stupidity. Instead, I must assume that statistically, VIX will have a much better chance of not going beyond 30 in the next 2-3 weeks.
Therefore, it is unwise to negin opening any Bear positions. It may be a little too early still to open Bull positions, but I think it is rather soon.
Existing bear positions should be closed off very soon. The last dollar is the dearest, i remind myself. Therefore, soonest that Jul expiration passes, I must look to close off Put positions, or perhaps it be may even more prudent to close them off now.
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