"But what sets this dip in motion?"
Fed's language this week. I don't expect them to taper but any hint will push UVXY 30-40%. I need more puts
Why would I be happy! Your money but for once I think you're on the right side, even if it'll be for a couple of weeks. This market is ripe for a correction. Way too many people expect to market to keep climbing without a break. Me, still waiting to get it. All I need is a 20-30% jump in UVXY
It'll be worth $0 as I expect a sell on the news. Since the last earnings aapl is up 25%. You don't really thing that's not already baked in, do you?
$15-17 by Christmas and $7-8 by March. Without another big drop in the market, I doubt UVXY will drop much.
Now, if it goes up 30-40% in nov! then I expect a $10-12 by year end