UVXY
My UVXY is that fear and volatility will rise after the Powell speech
from Jackson Hole WY tomorrow. Accordingly, I expect UVXY
to reverse its current downtrend while the S & P and NASDAQ
slowly rise
Accordingly, I will buy the $9.50 strike call options expiring
September 2nd now priced at 35 cents er each or $35.00 for
one contract. I expect a good profit targeting Monday the
29th to close the position.
My UVXY is that fear and volatility will rise after the Powell speech
from Jackson Hole WY tomorrow. Accordingly, I expect UVXY
to reverse its current downtrend while the S & P and NASDAQ
slowly rise
Accordingly, I will buy the $9.50 strike call options expiring
September 2nd now priced at 35 cents er each or $35.00 for
one contract. I expect a good profit targeting Monday the
29th to close the position.
Trade active:
UVXY doing well including my calls for 9/16- fear and volatility are the rocket fuel.