Still my favorite exposure to the s&p500
the range has toghtened ever since we had the last major event in vix. the series of lower highs and higher lows in this etf indicate squeeze in the underlying index and the s&p500 beneath that. as uvxy sells puts, it follows the natural flow of puts in the broader market like TSLA or AAPL. as long as the consolidation and uptrend in weekly spx is healthy, uvxy continues to lose steam towards the election, likely the source of our nextajor vix event.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.