As many of you know, I watch and follow this bigly. We're now that far off from making that dreaded lows. I have been playing tons of calls lately and made a killing thus far. Don't fall in love with the market instead ready to flip when this try to. We can never ever perfect the market but try to take the signals seriously.
7% drop in UVXY is not much.
As much as or as long as I am monitoring this, I think market is destined for new all time high and will ignore the UVXY double bottom. I think the double bottom will be created on or about Apr 8th, 2019. It will slide past that some more (I know). I personally have not added any UVXY calls instead have successfully been playing UVXY weekly puts for atleast 1.5-3x...
today 4/20/2019 experimental trade based on volatility trends for overall market,
biggest near open interest is on 17May then January.
From a simple analysis of the angle of the trendline.
We will see the volatility keep decreasing in a near cycle.
Each position has an exit order +150% over paid price /contract
So the put 30 at 4.625 and call 34 at...
SKEW index indicating a normal distribution so the market/equities arent anticipating any speed bumps. VVIX or implied volatility of vix is cheap meaning options on both sides are fairly cheap which makes sense when examining SKEW. vix futures contango roughly 6% with .89 spread between M1 and spot price tail is in a normal range. the 10 year note has been...
I'm going bearish at the SPY break of 281.24.
Stop at 282.30
Would be over 4R if triggers and position is held all the way.
There was a 61.8% retrace, and several examples of divergence on the indicators..
Also, UVXY could be finding a bottom here..
JMJ - UIOGD
I think the best thing to do tomorrow is to check the water. I personally not jumping in 1st thing in the am. Volatility will be making huge swings..r/g and g/r imho.
Here are some of the price points. It should help.