I'm trading the VIXY, the little brother of UVXY, and yes these indices are yoyoing as expected. The present phase looks to be coming to a head possibly within the next few days. Should that happen and markets settle down until late October I'll be back in at ~18.3ish.
I'm also looking at the possibility of shorting VIXY once I've sold my present holding (26?) then selling when volatility subsides to the low 18s. Only to rinse and repeat.
Next year, when we look back at Q4 '14 it will quite possibly have been the most topsy turvy time of the whole year.
