For people in this bowl who argued that volatility would drop as last week progressed, nice call👏! But curious as to what the thought process is, especially given the volatile earnings season, rising # of cases, weakness in improving economic data. Did not expect UVXY to fall as much as it did last well, can anyone explain if they expect this to continue these next few weeks/why this happened last week?

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Contango, my friend. It should continue unless we see a significant down day or wild intraday swing. Vix needs to get above front month vix.

Vixcentral.com

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Some will get technical. But coronavirus is no longer a real concern.

Short answer is:

Several good news MRNA vaccine development, anticipation of solid tech earnings, stimulus expectations.

I am expecting to fall to low 20’s by end of this week.

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On track to projection.

Moss Adams - what do you think?

I stocked up on UVXY

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