2 I bought some UVXY on today’s pullback in vol. Please know that I am buying in such small increments that it will take me another 6 weeks to fill out my position. Should we get the golden cross in $VIX before the next 6weeks are up I shall be contented with a partial long vol position.
The only thing that will dissuade me in my campaign to get long vol would be QE3 or its equivalent. Should we get an announcement of more QE, I can dump the long vol shares I have and not suffer a big hit whilst I plunge into long TNA shares and TNA calls.
2 Responses to “Bought UVXY”
wvufan87
Just bought some as well after market. Looks cheap.
SLEEK BUTTHOLE
Great Idea. You can only profit from here. Yes, it technically still has more room for some more decline but at this point I think it would be a great move since the market will still be somewhat volatile till we finish the summer (Euro, Greek, QE3, etc).
Enjoy the fear money