UnknownUnicorn5511258

UVXY Crosses VIXY on Weekly --> VIX Long Entry

Long
AMEX:VIXY   ProShares Trust VIX Short-Term Futures ETF
Ze Vix is back. Tell someone special.

-ImTellingMyPigVixen
Comment:
*Use actual $/share on either arithmetic or log scale for crossover. Percentage default is not the same.
Comment:
Lastly, if conditions warrant it tomorrow, I will probably go long and keep a long call position for next week and a half or longer - if the crossover closes UVXY > VIXY on the daily.

In this case, you may run the risk of missing the boat if you wait for a weekly confirm.
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Im gonna do some VIXY calls for next week right now. Small position, probably like 15s for next friday.

While I'm going to wait for this crossover before adding bulk to the trade, I will very likely accumulate around 10 calls before the close today.

Only reason is because of what I found in the Crude chart I posted this AM. If it plays out, then that's a decent enough confirm for a gap down on Monday and a small-medium sized vol position.
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Hope everyone following the vix picked up some sort of position last friday.

I know it was an incredibly difficult trade, but excellent stuff if you managed it.

Market should finally start rewarding the contrarian folk (not the "pullback!" bulls that will be popping up before you know it, though.
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long.
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still long. crossover week may occur, in which case, im twice to three times as long. huge trade here for 3/26 expirations, imo.
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Also, strike for calls should = projected crossover ~ 13.00

Closer we get to the cross, the easier it will be to pick this trade apart. Good luck.

Gonna be fun this week.
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May long today or tomorrow.. uvxy is looking more and more horizontal, which is a rare sign of reversal.

wouldnt take a sizeable entry until the crossover occurs, though.
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oh boy.. watch for a crossover and daily close.. contracts are still in backwardation but this may change any day now.

wise to get in a small position by end of day to take advantage before contango.
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