Bought UVXY when it was $14 and rode it up to $130. It has since tanked expectedly as these things do when volatility starts to drop. Now the price has been frustratingly staying the same. However, you should keep your UVXY puts with iron hands and buying dips because I don't see this going back up.
You can see at the arrows where the selling is continuing steadily and the A/D is giving support that the selling will likely continue.
May retest $77, but we're going to see $20 in a month or two.
You can see at the arrows where the selling is continuing steadily and the A/D is giving support that the selling will likely continue.
May retest $77, but we're going to see $20 in a month or two.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.