A tactical volatility strategy that usually holds SVXY in calm markets, flips to UVXY when stocks look extremely overbought, and parks in T‑Bills after sharp drops or when short‑vol is hurting.

It switches among three funds: UVXY (tends to jump when stocks drop fast), SVXY (tends to grind up when markets are calm), and BIL (cash‑like). • If the stock market looks extremely “hot” (10‑day RSI above ~75–80 on XLP, TQQQ, XLY, FAS, or SPY), it buys UVXY to bet on a near‑term volatility pop. • Otherwise it prefers SVXY, unless there’s a sharp tech-led selloff (TQQQ down >12% in 6 days) or SVXY has a big short‑term loss; in those cases it may park in BIL to cut risk. • It trades only when these rules trigger, not on a fixed schedule.

Out-of-sample, this strategy outperforms the S&P on risk-adjusted terms: oos return ~45%/yr vs ~15% for SPY, oos Sharpe ~1.04 vs 0.84, Calmar ~1.50. It dynamically times volatility (UVXY/SVXY) with BIL cash to manage drawdowns.