The two charts below tell the story of a pending intermediate term reversal and an easy "non-option" way to play it.
From its January 26th all-time high, the Dow has dropped about 2.5%. During that same time frame, the UVXY volatility index ETF has risen 25%. Although most of my subscribers are option traders, many are not and UVXY offers highly leveraged exposure to any market declines without the complicated trappings of options.
For those who embrace those trappings, consider the UVXY Mar $15 calls, trading at about $2.20 (up 40% just this morning).