Think UVXY at least doubles next week (be4 reverse split) as market falls 5%+
This is one of the 10% of times I think you go long volatility--big drop next week. Way to many bulls playing on margin--margin debt at record level. really want to specultae--buy some Jan 24 calls--can get the Jan24 $19 strikes for about $10 each--if UVXY gets to $25, the $19 strike option hits $600--a 6,000% increase.
I am with you all the way. I am a VXX options gal myself. I have 1000 of the February 65 calls I bought for 20 cents. If it goes as you expect, they will hit 4 dollars next week for a gain of $400,000 off a $20K investment.
Remember in 2012 and 2013 when we had a couple of 5% drops? UVXY never doubled. I will give you credit for making a nice outlandish prediction, I thought the people calling for it to hit 20 were bold, but you're saying *at least* 31 in a 4 day trading week. LOL!
To clarify, big drop in market & big rise in volatility. UVXY rallies 80-120% next week (before the jan 24 4/1 reverse split. Took big position in UVXY Jan24 calls ($17-20 strikes); expect to earn 6,000%+ next week. Watch & learn.