Yeah Baby!
I put my 200 shares of UVXY on last Tues. at 10.55. My friend who did the same, smartly took a nice profit on Fri. at 15. I did not. I just recommended he come back in(after complementing him on a good trade). Now I read this article on ZH and it makes me even more bullish on UVXY and bearish on the stock market. It was my market bearishness that led me to put on the trade, not hoping, thinking or expecting it might become the next WSB target. This could just be the powers that be, looking to line up their next scapegoat, like will probably happen when silver goes crazy again next week. https://www.zerohedge.com/markets/will-wallstreetbets-send-vix-soaring-next-one-banks-surprising-answer
Hi CM, here’s another good read on the vix:
https://northmantrader.com/2021/02/03/bounce-2/
Still hanging in for the next big drop.
Thanks Banimal. Today was making me think I should have taken my almost 50% profit on Fri. like my friend but the late day action convinces me I will get at least that and probably more.