UVXY forming a really good base, and seems forming a fallen angel pattern. It also has moneyflow divergence, if it can break above Moving average it will have a good upward run.
On the option side we would consider $20 January calls ($4.34)
You can check our detailed analysis on UVXY in the trading room/ Executive summary link here- youtube.com/watch?v=s_O2vQM05aQ Time Span:2:15 " Trade Status: Pending
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