This SPX chart is screaming 3800 as a level which if broken could lead to a 1000 point SPX decline, That is the equivalent of 10,000 DJI points, well over the thresholds required for circuit breakers. If and when that happens I want to be as fully short stocks and long volatility as I have been in the past 22 years. Commit this price pattern (and famous last words) to memory. Premium Service - Option Expirations May 20th option expiration is tomorrow. In light of the precarious price pattern of the market this is not a weekend to be without long exposure in volatility calls. As of tomorrow's close this portfolio will be rolling over the UVXY May 20th $15C to the UVXY Jun 17th $18C or $20C. In addition, IWM May 20th $200P will be rolled over to the IWM Jun 17th $175P (5.95-6.00).
