ProShares Trust Ultra VIX Short Term Futures ETFArca
Description
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This idea varies from my other ideas because I focus primarily on the fundamentals instead of the technicals.
Details are provided on chart. I plan on purchasing shares, not options, due to the low price.
From a macro perspective, this upcoming 1-3 months may possess an immense amount of volatility. I will keep this idea updated, as I don't plan on longing quite yet; I'm interested to see what the 900bn stimulus check will do. But as always, do your own DD.
Buying these shares is an absolute lock to print 25% higher than here. My bet is March....but Insurrection Act, China sabre rattling, mass protest from the right or an escalation in Seattle? It can happen any time and it’ll gap. I am watching the 28th carefully for some election news that could shake things bigly. This literally cannot stay this low.
tacosaucewalkin
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@rshowers agreed - I’ll be riding this out with you, brotha! Best of luck
rshowers
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I sold mine too early at $14.14 today, from $10.38, but I’ll be looking for a lower entry to roll again as you suggest. Ty for the good work on this.
musica117
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@tacosaucewalkin Can you please tell me about OmniBands indicator and how to get it?
liennguyen7254
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It dropped badly today. I missed the chance to sell it on Monday. Do you think it will spike again soon?
tacosaucewalkin
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@liennguyen7254, yeah - my s/l is $10, and I bought shares so I wouldn't have to worry about option theta decay, so i plan on holding these for a while.