David Fuller's view Despite not liking monthly contracts, I decided to retain my small Volatility Index (VIX) (weekly & daily) long yesterday as the spread-bet position expired. Consequently, my June long was sold today at last night's 7:30pm price of 19.5 against my purchase price 19.08 on 17th May. A July long was simultaneously opened at 20.03. I regard this as a small insurance policy against a bigger stock market sell-off, rather than a highly promising trade.

My T-bond shorts, CAD/JPY and USD/JPY long positions are looking better today but this is a period of seasonal underperformance for many markets and we also have whipsaw conditions, so I am keeping a lower trading profile than usual.

Prices above include all spread-bet dealing costs, a point I forgot to mention in listing yesterday's rollovers.