Guys I need your opinion based on the below information whats your opinion on buying June Calls or September Call or Buying the UVXY itself is better. I wanted to invest another 50K from my rollover IRA. Any suggestions are welcome. Thanks for your time.
Bearish technical signals added to doubts about the market's strength, Sell in April End and go away already reached the momentum. The S&P 500 broke below its 50-day moving average for the first time this year, suggesting the market's recent uptrend could be losing momentum, particularly after two days of sharp declines this week. The Nasdaq 100 and the Russell 2000 indexes both have closed below their 50-day averages this week, adding to the overall technical pressure to every US market
I would think buying June call option is best suited for bearish market for now. As I can see S&P will hit 1450 in next 2 months and then market may pickup. So you can see easily make about $6 in next 2 months with a price target of $15 by June. But use caution I would not invest 50,000 at a time just spread out.