The strategy signaled a trade yesterday, and the current long XIV position was exited (liquidated) in its entirety. We initiated two separate sell orders to achieve an average price and completed these two trades without incident, receiving immediate and accurate fills.
One of the key aspects of the VIPER strategy is to adhere to the parameters (limitations ?) of the “average” retail investor’s reality, and observe the T+3 rule. Therefore, VIPER is sidelined until at least sometime next week.
This trade will be represented in the March 2017 returns summary when that is posted at the close of the month. In the next few days we will post here what VIPER’s signals are telling us about the environment and approximately when (if it can be determined) the strategy will signal to trade again.