UVXY headed back to high teens this week?

I booked all my gains when it was touching the $30s early last week but kept a small position in case volatility picked up further. Should I sell the shares, start building the position again, or sell covered calls for a few weeks out?

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I’m anticipating a return to $10 before next big spike.

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SM1 - Thanks for the insight - given the anticipated run down is there anyway to play the downside? Buying puts perhaps? I don't want to increase my existing small position until the buy zone range.

10/2 $14 puts are only trading at $.05 right now

Seeing as its pretty much already there, I'd say yes. Volatility may pick up a bit into the FOMC meeting but not significantly unless the market starts trading down before it.

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Then yes. Patience is key with volatility. The market still hasn't decided on a direction. It appears it would go up from here but then again tomorrow could be red and break a major trend. So I wouldn't go too heavily in. Maybe you can start with a small position when it gets into 18/19 range and then DCA from there.

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BC, I thought you were thinking it’s going to be choppy as hell until election; now you’re saying UVXY is going to sub 13 before it hits 25?

If broker(Merril edge) doesn’t have UVXY, what other positions do you like? Just plain VIX?

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