The Dow was up 350 points at its highs this morning and fell to its lows of the day in about an hour. It has since recovered some. With an hour to go in trading, I want to hold some Nov 19th calls ($15-$18) at least until Monday. You can see on the hourly chart below that UVXY is close to a Buy on its hourly chart. A less aggressive strategy is to simply buy UVXY or VXX shares. This is a trade, not a long term buy and hold, which would come later if by accompanied by an intermediate term Buy Signal.
