We are putting our pedal to the metal on a spike in volatility over the next four weeks. That brings to the forefront $VIX, VXX, and UVXY, each of which generated a Buy Signal ini their respective intraday charts into Thursday's close, with initial follow-through at Friday's open. All are viable candidates to to ride along the crest of a market downside debacle, but we are focusing on VXX and/or UVXY a August call candidates. As is my usual want, let's use lines on a chart to define entry and a 50% stop on the option to define risk. $VIX Previous VIX highs during market downside events were above 85 in 2020, above 65 in 2024 and above 60 in 2025. VXX VXX Buy signal on the Daily closing bar Thursday VXX Aug 21st Calls UVXY UVXY Calls Note: No need to buy both VXX/UVXY, but buy calls on at least one. Listed generally in order of my preference, but in the end, its all one trade on volatility spiking into late summer and maybe beyond.
