Don't complicate the trades on UVXY... it is a very volatile issue..
I am positive we see 69 on Monday ...
Always do a SPREAD on UVXY ALWAYS... I suggest u buy the 45 Puts as protection
on Monday... u will make less money but losses wont be ridiculous either... most probably
u may be able to close out ur short on Monday a.m. with a decent profit ... my model shows
UVXY testing 69 Monday....
Options in the money by 1 cent are AUTOMATICALLY excercised... AUTOMATICALLY
NO EXCEPTIONS unless... options owner calls broker by 4:15 NYC time to NOT
EXCERICE.... it WILL be assigned... just delayed posting...
Chinese dvds for just released movies are available on
the streets of Beijing and shanghai for a mere 50 cents
a piece.... $9 a month can buy them 20 NEW RELEASES
which they can own and keep for life.... Too much hype
the stock is UP $50 on pre-split basis... and up $210 a share
from the $85 post split ($600 pre split) lows made just 4 days ago...
only that Shanghai was DOWN 9 % previous day. so UP 5% the
next day is understandable..... DOW was UP 600+ points last hour
yesterday... last hour rallies usually are short lived....
only that Premarket traders are MORE Pro than open market
retailers.. most of the time... besides it takes courage to BUY
UVXY unchanged while futures are UP a whopping 200...
makes sense ??
looks like a suckers dump rally... wont hold... only that if DOW
starts selling off.. she will give back 1/2 of what she made yesterday
ie 300+ points... this wll bring UVXY to 69 again... funny how even
ETF's like "69"....
even pros are showing signs of confusion as to what is next ..
Confusion leads to inaction.... inaction leads to drop in volatility..
Look for market to stagnate here... sucking out all FAT options
premiums on both sides... UVXY may drop to 36.68 by Friday..
Just my analysis...
Dow futures are down a whopping 400 points.... Shanghai is down 8 %
trend is DOWN.... look for AMZN to bottom at 380 (yes 380) by
September 18. This week we see AMZN low at 460.. high around 502
Friday close around 482...