Risk protection is looking incredibly cheap right now. We're making higher lows, though, and looking ripe for another spike. Let's see how the week progresses, but I suspect once we cross the upper green dotted line, we're going to see a notable correction on the Majors, and Vix back in the mid 30's. If we see continued downward pressure on markets as February approaches, Vix is going to a 40 handle, which is my personal target to exit my UVXY and HUV positions...
Getting close. IMO we are at the beginning of the end for the S&P's historic rally off the March 2020 low.
Dr_Roboto
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@Dr_Roboto, Here is my VXX chart. It has clearly reached a bottom and I am just waiting for it to pop.
Dr_Roboto
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@Dr_Roboto, Here is S&P. Could push into Feb, but I think in the next week or so.
Hedge_Of_The_World
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@Dr_Roboto, Very nicely done buddy, on all counts. Vix is clearly making higher lows, and we're about to break out. This rally has to end at some point, and when it does, everyone will be running from one side of the boat to the other, all at once. I'm not looking at letting go of my Vix until they come begging for it, and pay a 40 handle. Lol.
Verum0
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How does a 1/15 MP 40 call and a 1/15 CRM 225 call look then shift to puts on spy next few weeks...
rshowers
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I finally got my number on UVXY and HIBS. As always.....appreciate the excellent work you do!
Hedge_Of_The_World
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@rshowers, You're most welcome, my friend! I respect your patience, and timing on this trade. Let's see how the week shapes up. Cheers!
Time_Oracle
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how do you trade it? do you buy options or vxx shares?
Hedge_Of_The_World
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@Time_Oracle, It depends, usually I trade low leverage. I'm holding UVXY and HUV at the moment as risk protection. You?
Time_Oracle
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@Hedge_Of_The_World, honestly I am not that familiar with options. have been paper trading options but don't understand them completely to profit as I do in stocks.I think we are for a big move on 20 Jan and want to find the best way to profit from it. have not taken a clear answer from people asking about VXX,whats the downside...is there a time decay in holding VXX shares?
how would u max profit knowing that on Jan 20 vix might move?