As per the trade I posted on Friday on this blog and inside 12631, here is a note I just made to members:
Sold final piece of $UVXY here @ $62.20 from $58.76 entry to lock in the rest of the win.
I have other bearish bets on now, shorting individual stocks. So, I am going to stalk another entry into the volatility ETF’s if and when the opportunity presents itself.
Into the final hour, bulls are trying some type of bounce. However, I still see way too many traders more obsessed with timing a snapback rally than they are playing for further downside.
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Well done Chess. You are quite on the roll lately.
Thanks, belzile. Have to be quick.