$UVXY this is why yesterday I said I did not like playing the VIX ETP’s after a surge in $VIX and favored playing straddles in something w/ less Vols. $SPY S&P back above 4300. based on dealer positioning a sustained hold above this suggests the peak of this volatility spike has come and gone. Unfortunately had some stuff to work out w/ contractors this morning (house has been a construction site this summer) and didn’t get to close the long put side earlier. Only posting the results to make a point in regards to some of the prophetic morons “trading volatility” Look beyond predictions, and chart TA!
2
2
2 Likes