It was a good day for UVXY shorts. Janet Yellen made dovish comments and UVXY declined 11.53% as a result. We should see some more contango decay over the coming months. My 5 strike puts are still underwater but moving in the right direction.
I just completed preparing 2015 taxes. I have to say as a quick parenthetical that the flat tax is evil but, yes please! The MLP reporting process is unnecessarily complex. Especially when you have 10 of them. Thanks to some tax loss harvesting last year, I have a refund and qualified for an Obamacare credit. My unfunded 2016 tax liability is now about 7 thousand dollars smaller. With carryforward losses to next year, I think I can hold off making a Q1 pre-payment.
Devour your prey raptors!