With PPI data release on Friday (again.. there may be a surprise as like Wednesday CPI). Model is expecting a surge on UX1 (March future).
Entry point: 14.95 or lower (watch for how Market goes on Thursday and Friday APAC/EU morning session)
Profit take: 90bps from Entry or 15.8 (whichever hit). In particular if PPI is much hotter than expected (est. 0.1% on Core PPI), then let it run further till where VVIX has hit the upper bound (use BB 20 EMA, Daily, 1 year window)
Stop loss: 14.7 (about 25bps below entry) post PPI release