Our option trades are based upon proprietary trend model Buy/Sell Signals, high probability pattern recognition analysis and occasionally "Special Situations" that offer high risk but even higher reward payoffs if we get it right. This trade is of that latter group and we will be offering it up to both the PRO and Premium trading groups. The market is following the same path as the bear market of Oct 2007 - Mar 2009, right down to the current Fibonacci retracement of the most recent leg down (Aug 16 - Sep 13). If this analogue continues, this retracement will lead to a multi-month market collapse with an attendant spike in volatility, i.e., "Wave 3 of 3 of 3" with trading halts, fear, panic and capitulation. (See 2008 VIX chart below.) Look for it to begin to unfold between Nov 1st (FOMC meeting) and Nov 8th (mid-term election) with the pay off well before Christmas. The call is going out a total of 94 calendar days (from today) to the January 2023 monthly expiration series. For every $100 put into the trade, $1,000 minimum (10X) is expected to come out. If there is any trade management, it will be to bank partial gains along the way, but as of today's unveil, my intention is to see the trade through to a triple digit UVXY in the next 94 days. Finally, this position should be fully funded by the Nov 1st FOMC meeting, either in one fell swoop, or, via dollar cost averaging into end of month (Oct). Special Situation BUY Signal: UVXY Option: Jan 20, 2023 $20C (1.60-1.70)* Target: UVXY $100+ Stop: None (risk = 100%) *Dollar cost averaging recommended into Nov 1st FOMC meeting VIX (2020-2022) VIX (2007-2009) UVXY 2020 UVXY 2022
