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UVXY Long (Hourly Chart)

Long
ProShares Trust Ultra VIX Short Term Futures ETF (AMEX:UVXY)  
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AMEX:UVXY   ProShares Trust Ultra VIX Short Term Futures ETF
Trend Analysis Technical Indicators
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trendanalysis indicator
I think its a good shot for UVXY to move up a bit next week. Hoping it might break thru the trendline. I bought Jan 29 $12c and sold the Jan 22 $18c for a net of .69.

If I'm wrong (this is after all a notoriously foolish bet) there shouldn't be too much damage.
Comment:
I got suckered on this one. Timing is important.
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