insane66

VIX 1-2 setup for a move higher

Long
TVC:VIX   Volatility S&P 500 Index
I have bought some $40 VIX calls for Jul expiration. The setup presents as an almost ideally proportioned 1-2 setup for a move higher. 51 area is the primary target and 63-64 area as a stretch goal with the possibility to extend higher.
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