LONG SET UP UVXY (D)Nice long set up here and a good hedge to hold over the weekend. Triangle forming in this as well as underlying VXX. under 15 would allow for a very tight stop.Longby chaching234
UVXY big pennant - chance to get a bounce tomorrow and theoretical price will hit upper TL eventually ? by capri123Updated 2
long volatility ideaFor an equity that has declined 90% a year since inception this years trend is very unusual. Look for a bounce off the trend-line and maybe a run to the higher fib extension levels.Longby UnknownUnicorn25381644
UVXY IdeasBased on fib lines and past support and resistance levels, here are some ideas on what I think can happen. NOTE: I am long biased on the market (short UVXY).by onpointbull0
UVXY Daily UpdateUVXY - which essentially is a short-term VIX futures ETF, looks like wants to cross the 200 day and close above soon. Notes on chart. I'm long this via UVXY 21 calls. Had a run up to 21 today and pulled back. Hopefully next week! Another way to hedge against a falling market.Longby nirmalc833
Looking like the best trade right now...This environment favors $UVXY, or long volatility, right now. If we can get a breakdown of the 200MA on the SPX index, I think we may see a volatility spike. $TVIX $VIXY Longby finvizclub3
UVXY Looking like the best trade right nowThe inversion of the volatility curve looks to be pointing to and favoring long volatility. Longby finvizclub1
UVXY - Strong Environment for VolatilityAs the major US indices sell off and touch the 200MA, we're starting to see higher levels of volatility. Futures are in backwardation which will serve as a strong tailwind for long volatility instruments.Longby finvizclub0
UVXYindicators support upward movement -BULLish increase volume -BULLish STOCH -BULLish RSI -BULLish MACD -BULL MACD Cross 03/23/2018 - look for short term pullback (south) as market takes a breath from a large red day yesterday, and volatility decreases - Impulse, reaction, continuation ELLIOT WAVE Not a perfect match but seems like a wave 4 complex correction, we'll see- my tracking/education only Longby DigitalMoneyTraders2
UVXY Potential ReboundThere is a possible rebound if UVXY can hold around the 13 dollar resistance level. Due to the over all downward trend of UVXY in the big picture, I will not be placing large positions here.by benbenson484112
UVXY - Fear Trade is BackLots of uncertainty going on in the markets, haven't closed over the 100MA since 2015. Lots of people are used to shorting fear, the tides have changed. I remain long to 90 area as of now. **DISCLAIMER: This is a trading vehicle and you can potentially lose 100%, trade at your own risk** Longby SeltyKnightUpdated 1
UVXY DMI(17) Will they gap it up?DMI(17) rejected/overbought at prior support/falling trendline. Who will be the one's to gap this up over this area? Or, more sideways?by satanscashcow111
UVXY - GAP DOWN POSSIBLE BUY STOCH(17) oversold and DMI(17) holding. Gap down in oversold could be quick move to upside. Longby satanscashcow1
UVXYShort UVXY via long Apr20 put debits for $2.19. POP: 68% Max loss: $892 (2.19 x 4) Max Win: $308 ROC: 34.5% over 66 days Long 24 put: 36 delta Short 21 put: 30 delta I usually let these expire ITM, as my broker TW has cheap exercise fees. In the case that it expires in between strikes, then I will have to manage them by closing on expiration day. Shortby Benji5
UVXY struggles to stay up hereAll double tops/bottom are not created equally. but this time, we're expecting the mean reversion back to 19.50s. A couple of accumulation bars on the day before, which could be slightly toilsome to get back under. It's going to happen regardless.Shortby Pippylongstockings2
DMI(17): DI+ fell out of flag and heading into supportDMI(17): DI+ fell out of flag and heading into support around 20by satanscashcow2
TRADE IDEA: UVXY -- TIME TO LOOK AT LEAPS?It's not often that I play leaps or think of myself as "playing leaps." In case you're wondering, a "leaps" is a "long term equity anticipation security" -- basically, a long-dated option. My most frequent use of them is in my individual retirement account where I'm working a covered call, want to hold onto the underlying for dividend generation, but also want to use the short call leaps as a capital preservation tool and push it out far out in time to decrease the likelihood of my shares being called away. Here, they serve a different purpose in these particular underlyings (UVXY, VXX) -- namely to take advantage of a short-term pop in volatility (which were infrequent over the past year) without getting caught up in short-term gyrations volatility may experience that may make shorter term setups frustrating because they run out of time for volatility to mean revert and/or experience significant contango erosion or beta slippage (I have a few of those on that are, at best, "troubled" here). Traditionally, I have seen two approaches to these long-dated setups intended to take advantage of occasional short-term pops: (1) setups that calculate the approximate erosion/beta slippage the underlying will experience on average over the life of the setup and then sells a credit spread or buys a debit spread at or near the strike at which the price of the underlying is likely to settle toward the end of the option's life; and (2) at-the-money setups. Since a lot of different things can happen during the life of an option such that the average contango erosion or beta slippage is monkeyed with -- making an approximation of where price will potentially settle a less than accurate endeavor, I'm going with the latter type of setup here -- buying an at the money debit spread, with the spread straddling current price (i.e., the long above, the short below). A few tips ... . (1) Since the UVXY leaps aren't the most liquid things in the world, a fill will require a touch of price discovery, so I will start with trying to get a fill for 50% of the width of the spread (hey, we can all dream, can't we) and then adjust the fill price to see if I can get a fill for no less than one-third the width of the spread. (2) This isn't a setup for the impatient. It's a set and forget. With that in mind, keep the spread width and/or number of contracts small such that the buying power effect relative to your account size is within your risk parameters and leaves you with plenty of dry powder to take advantage of further pops in volatility (they may have been infrequent over the past year, but they happen). (3) Give some thought as to how wide you want to go with the spread. Going extremely narrow may, in essence, prevent you from "squeezing in" additional spreads in the particular leaps expiry you're using. If I put on the example shown here, I won't be able to buy 14/15 debit spreads going forward, since selling 14 short legs will close out the 14 longs of the 13/14's, so going wider with the spread and using fewer contracts may give you greater flexibility to use this expiry for further setups going forward. That being said, I can always sell 13/14 short call verticals in the futures without "stepping on" the 13/14 long put verticals, if I choose to go narrow with the debit spread. (4) Early on, the ride could be "rough." High volatility environments tend to have a short life, but that doesn't mean that higher volatility can't last longer than it's comfortable for you as a trader or that any given period of time doesn't have the potential to do things that aren't "average" in nature of what we've experienced since February of 2016 (winner, winner, chicken dinner for short volatility ... ).Shortby NaughtyPinesUpdated 10107
Skewed Strangle on UVXYAfter a brief moment of Backwardation this week in the term structure of the Vix futures, we came back into Contango. To me it looks like there is still some fear and buying protection is not getting cheaper, especially with earnings coming up on some of the big dogs. I believe volatility will start to come off during the next couple of days, so I want to add to my core short volatility trades. UVXY Implied volatility is still very high so I decided to sell some premium. I sold the 12/8 Strangle for $2.60. What can go wrong? If UVXY rises over 35% in the next 42 days I will get assigned 100 Shorts per contract. I don't mind being short volatility since that would just be an addition to my already core shorts (Part of the plan). Getting long is another ballgame, and one I don't like that much (So I skewed the Strangle to the downside). But for this to happen First UVXY would have to drop over 48% in the next 42 days. If that happens I will be pretty happy making a killing in the rest of my Shorts. On this one, I would take the assignment at the $8 price with a cost basis of effectively $5.40. That is a pretty low price (Most likely would have reverse split by then) and I am sure I can Sell some Calls after to get out of the trade on top. The trade: Short 12 CAll Short 8 PUT Credit received $2.60 Probability of profit is 63%by AlexanderGotayUpdated 4