IT'S GOING TO BE A VERY GOOD WEEK!

It is my expectation for the correction in the SPX to continue into the following week. As this market falls the VIX will increase. One cannot buy the VIX directly but we can buy the ETF (UVXY) and its options. Most traders tend to either buy one option either ITM or OTM depending on their personal convictions of the market. Why not spread the risk around?

The question always arises...which strike price is the best?

One can never be certain of where the market is going to go for sure, so why not mix it up? I normally just sell options for premium income but when the market (SPX) drops I like to take directional advantage to maximize my gains.

On this trade I am buying the March 13 expiration call options in the following amounts...

6 of the 19 strike
7 of the 20 strike
8 of the 21 strike
9 of the 22 strike
10 of the 23 strike

After intense analysis I have concluded that my expectation for this market to reach up to at least $25 within this weeks time frame.

With this expectation I will set the Sell to Close orders at the following prices...

19 strike @ $4.30
20 strike @ $3.10
21 strike @ $1.80
22 strike @ $1.75
23 strike @ $1.20

Trading options may involve significant risk and are not suitable for every investor.

Please trade responsibly.