I've grown to dislike and avoid stops in my own option trading, albeit they useful as a necessary evil so as to avoid financial ruin. In my personal trading I don't usually use a stop, preferring instead to make smaller bets, 1/2 of what I consider a normal sized bet, then let the trade ride without a stop, unless or until something happens to change my immediate term analysis. This is my long winded way of acknowledging that the Oct 17th UVXY calls bought in this service on Sep 24th have gone from deep in the red, well below a "50% hard stop," to being up right at +100% as of Thursday's close. If still in them, its finally time to roll-over into a new monthly expiration as set out in yesterday's, "Into The Close" update. Bottom Line: I am looking for a volatility spike taking UVXY well into the $20's and possibly challenging its 2025 highs > 50, or maybe even its August, 2024 high of 65.87. Even if neither spike comes to be, the EW structure is suggesting low-to-mid $20's, minimum. Let's go for it, betting whatever is in your comfort zone, risking a 100% loss if wrong. October UVXY Trade (Thursday close) This trade was severely underwater and ultimately off my radar, until this past week, when over the course a few days it went from deep red to a double, with still hours to go until expiration. UVXY: Nov 15.00 Calls - As of 11:00 AM ET If on the fence about adding these calls, a UVXY rally above today's high print, 14.12 as of 11:00 AM ET, is a pound-the-table Buy Signal to add more UVXY calls, this time Nov 21st expiration, any strike shown above works for now, with my preferred strike being the highlighted 15.00, looking for minimum 3X and possibly 5X-10X before Nov expiration. UVXY Daily Poised for a run?
