Keeping a close eye on VIX as it is primed for a triple digit percentage spike with commensurate increases in UVXY and its calls. There is a Fed meeting in two weeks and some Fed talk due out tomorrow courtesy of chairman Powell. But more onerous would be a volatility spike arising out of a black swan event (see Covid Crash on chart from Mar 2020) which by it very nature cannot be anticipated. Own some Jan 20th UVXY calls, especially on a close above $8.50. VIX Long Term VIX Intermediate Term VIX Short-Term UVXY Daily New Buy Pending UVXY and/or UVXY Calls on a close > $8.50 Calls: Jan 20th expiration Strike Price: $8 or $9 or $10 Stop: None (position 1/2 size)
