VIx Fix

The market's rally continued this week, although with reducing volatility. In fact the volatility is reaching multi-year lows and we feel bottoming out, preparing for a move to the upside. After a 11% + rally over the summer months, the markets moves to the upside are becoming more limited especially without any natural 'healthy' correction. With this in mind we increased our down position, as stated, by an extra 3 contracts at 1413. Our target has to be re-adjusted to 1380 and a stop-loss of 1429 for this week.