From last Friday's Update: Breaking 210 on a closing basis will take IWM and the rest of the market much lower. It should also light a fire under volatility enough to finally generate the UVXY Intermediate Term Buy Signal. IWM has traded well below 210 today (low 205.75) and UVXY has now finally triggered its long awaited Intermediate Term Buy Signal. The odds now favor a UVXY move higher and if we are going to see a price spike above 40 this is how it will start. Accordingly we are buying the Feb 18th $15C. More aggressive traders can go out to the $18 and/or $20 strikes. As with all UVXY trades this carries more risk, and more reward, than usual for our stock index trades. UVXY INTERMEDIATE TERM BUY SIGNAL Options: Feb 18th $15C (alternates: $18C, $20C)
