Hedge XIV with VXX options?

[AAAintheBeltway]

Quote from bologeorge:

Actually it is the vix index which has a high tendency to regress. As for vix futures, the premim/discount is the key. I would long vix futures when vix is high and short it when vix is low. This is a question of conditional probability.

Bu for what timeframe?

 

[bologeorge]

Quote from AAAintheBeltway:

Bu for what timeframe?

When it is in contango, short the nearest month, when it is in backwardation, long the nearest month. And hold it untill expiration. Or close it if the condition changes.