Don Kaufman here. 

My volatility trade should be printing money right now. It's not.

When your position talks to you like that, you better listen.

I've got a volatility structure position on that should be humming along nicely with the S&P at all-time highs. Instead, volatility is sustaining itself and creeping higher. 

The position that normally prints cash is barely breaking even.

Your position is your best market intelligence. When it's not doing what it should in the environment it was designed for, pay attention. 

It's warning you…