4/14/14 kill was down -1.40 to 114.03. That makes up 50% of the cash settlement index for the QQQs. The other half we already had so we now have the cash settlement index of 114.70.

So I now have to turn my attention to the VVVs. They are at a very large discount of 18.88 to the index. They have exhibited enough volatility today to give a body a heart burn. I was left with two short VVVs when the QQQs expired out of my Q/V spreads. I rode the VVVs up this morning and back down. Now that I have a little profit on the day, it may be time to step aside for the weekend and come back Monday to go at it again.

Best wishes,

dhm