Long UVXY OpEx
Idea for UVXY:
- We are in the WINDOW OF WEAKNESS (OpEx, FOMC).
- Now we have made a Right Shoulder and DCH on Indices, the nature of today's rally appeared too quick and corrective in nature against the dominant cycle:
- Price first appeared to have easily broken back into the wedge, yet fell back out in the end of the day, indicative of a possible TRAP before QUAD WITCHING.
- Price offers a QUALITY psychological stop, should it easily rise over 4500 (in which case it should rise to the top of the wedge).
VIX trendline with the wick below:
- We give it another try:
Long UVXY 25C Oct 15
GLHF
- DPT
- We are in the WINDOW OF WEAKNESS (OpEx, FOMC).
- Now we have made a Right Shoulder and DCH on Indices, the nature of today's rally appeared too quick and corrective in nature against the dominant cycle:
- Price first appeared to have easily broken back into the wedge, yet fell back out in the end of the day, indicative of a possible TRAP before QUAD WITCHING.
- Price offers a QUALITY psychological stop, should it easily rise over 4500 (in which case it should rise to the top of the wedge).
VIX trendline with the wick below:
- We give it another try:
Long UVXY 25C Oct 15
GLHF
- DPT
Trade closed manually:
Out for 3.15 credit (gain) reassess EOD after OpEx
Comment:
back in Oct 15
Comment:
Oct 15 30C 2.57 debit
Comment:
Closed for 3.60 credit (+40%), reasessing
Comment:
Entered back, this is looking to pop
Comment:
Just kidding closed, waiting to reload