I think will open around $8.63, peak $11.43, and close around $10.23
Later this week and in coming weeks will be in $10-15 range and may go higher to $18-20
Because the market correction has been triggered IMO, and all the Hedge funds were buying short over last 2-3 weeks, now they will take the opportunity to cash in. IMO.
Doubtful. I took a gain today in UVXY, sold it all and bought some XIV end of day when UVXY spiked. In XIV @ $22.83. DOW futures are 71 points green right now. UVXY will fall hard in the AM.
Try 7.50 first. Once again the board on stocktwits are full of #$%$. Try using algo trading with currency and futures. Than you might have a little crystal ball view. If you went long UVXY, ur no diffrent than the other guy, lose. Now the real smart trader would have entered AH into XIV. People read your charts, UVXY poped 23% today, if the Boston issues did not happen, the UVXY would have topped 7.25 ish level.
I beg to disagree, there is actually a bit of reverse contago that needs to be reflected in the price b/c the spot vix is higher than April May and June vix futures. The contago that usually brings us down will be the catalyst to go up unless there is a sudden drop in the spot. With commodities continuing their sell off and Asia markets down overnight I can only imagine a increase to the spot vix.