Long Vol via $UVXY
Updated
I don't believe shorting vol as a strategy is going to work much longer. I'm long spot UVXY as well as calls from $3.76.
Target $5.50. Think we're going to see risk puke over the next two weeks.
Target $5.50. Think we're going to see risk puke over the next two weeks.
Note
Should see a reversal from here. If we don't see a reversal higher from here, 3.60ish level, idea is invalidated.Note
Looks like we're getting the reversal
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