If this trade plays out the way it's labeled on the chart it will last well into the first 2-3 weeks of July. It is an all of none trade, i.e., the calls will appreciate 5-10X, or more, or will expire worthless...there is no other endgame. As of the posting the high of the day for UVXY is $14.70, a new high above $14.75 triggers this trade whether on the close or intra-day. New UVXY Buy Pending on trade above $14.75 UVXY July 15th: $14C (1.40-1.50); or $15C (1.15-1.20); or $18C (0.58-0.60) Target by Expiration: UVXY $24+ Stop: None Index Charts: Supportive of all current July/Aug/Sep expiration puts in SPY, QQQ, IWM, IYR, AMZN, AAPL A breakdown below IWM 170 could be the trigger the broad market needs to enter the July debacle to the downside. All trading accounts should have at least partial positions in July 15th, Aug 19th or Sep 16th puts and/or UVXY July 15th calls. Unless TSLA can break above $800, new entries in 2024 calls should await further advice.
