UVXY Speculative Long ( Buy Low Sell High)

UVXY

My UVXY is that fear and volatility will rise after the Powell speech

from Jackson Hole WY tomorrow. Accordingly, I expect UVXY

to reverse its current downtrend while the S & P and NASDAQ

slowly rise

Accordingly, I will buy the $9.50 strike call options expiring

September 2nd now priced at 35 cents er each or $35.00 for

one contract. I expect a good profit targeting Monday the

29th to close the position.

Trade active:

UVXY doing well including my calls for 9/16- fear and volatility are the rocket fuel.