Short-Term Buy Signal*: UVXY Option: Nov 19th $16C (Optional: Out-of-money $17-18) *Bets on volatility are always high-risk; high-reward. On Monday UVXY Hourly generated a Buy Signal and today we have follow-through, enough to take a stab on volatility starting a run higher. This is an aggressive trade insofar as there are only 11 days until November expiration. A more conservative option choice is the Dec 17th $20C that would carry the trade another five weeks. When volatility ignites, I'm looking for $40-$50 UVXY, minimum.
