I don't believe shorting vol as a strategy is going to work much longer. I'm long spot UVXY as well as calls from $3.76.
Target $5.50. Think we're going to see risk puke over the next two weeks.
Target $5.50. Think we're going to see risk puke over the next two weeks.
Note
Should see a reversal from here. If we don't see a reversal higher from here, $3.60ish level, idea is invalidated.Note
Looks like we're getting the reversal
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.