Good luck all.
Just watch em. Those Jan 170 especially. Can you believe they were 13 cents not long ago, will be 1.25, then 2, 3, etc. Wow!!!!
Here we go! The September 115 are going to hit 1, where I will sell my 300. The Jan 170 will hit 1.25, where I sell 400, then 2, where I sell 300, then I hold the last 300 for $3. What a game this is! I love it so much!!!! Panic! at the disco.
Personally I will sell 400 of my Jan 170 calls at 1.25, 300 of the Jan 170 calls at 2, and let the other 300 ride. My 300 September 115 calls will be sold for $1. What a game this is! Hundreds of percent gain on calls.
Friday close of UVXY around 12, the 70 were 1.25 and the 170 were 26 cents.
It is literally, factually guaranteed to hit $22. SPY barely down this morning and UVXY up a buck already. LOL. 10, 11, 12, and 13 fell in a flash you can bet it marches to 22 and in a hurry.
Drew my friend you know as well as I that when this gets going, it doesn't take much to move those calls. If the January 170 don't hit $1, I will eat crow in a big way (and possibly self-suicide, I know that's redundant). This thing was $9.50 and the September 170 were 16 cents, now it's taken out 10 11 12 and 13, and I'll wager the 170 will be at least 40 cents if not 45, 50, etc today alone. It's right on the edge of Brexit. If we get UVXY to low 20s those calls will explode higher.
Just watch. This hit on the calls pays all bets. Uvxy up a buck pre market.
0.36%, and July VIX futures continue to explode up to 19 and counting. I'm talking 20, 30, 40, even 100. UVXY will be $20 this week and $1000 soon.
I know it seems incredible. But it will happen. Mark this post.
We are going well past 20 before July 1- I mean I'm talking 30, 50, 80, 100, 200, 500, etc. possible this year. At least 17 this week, even if Fed is super dovish. This awful terrorism is a game-changer. So terrible, don't understand so much hate in the world. I continue to be amazed there are people who think they get to tell people they "can't" be gay. What a world this is. Makes you want to crawl in a hole.
I take no joy in the UVXY move. Didn't want it to happen this way.
Of course this is a terrible event. I urge all of us who profit from UVXY enormous spike tomorrow to donate a portion of the proceeds to the charity of your choice. It goes well beyond 20 soon, probably tomorrow. Most likely open at least 17 tomorrow.
It will happen this week. In fact I see UVXY open up 75% tomorrow, at 21. XIV down 37.5%, to about 18.
If you're short UVXY I would get out before an unbelievable run. Obviously nobody wants things like this to happen but it's a dangerous world out there now.