VIX UVXY Reversal Pattern

2022年8月16日

QQQ SPY and the indices all had late afternoon Bearish Engulfing Candles Tuesday afternoon before the Fed Minutes release

I have charted the VIX as a ratio with SPY. IA down trend is persistent.

The ratio is at the lowest seen. However, RSI divergence with a slight increase in relative strength
as well as a dropping score on the Choppiness indicator both point to a reversal.

I will play this with call options on the UVXY ETF expiring on September 19th hoping to 2X the trade with
little given that the macros will hold up or raise UVXY as a bear market rally may stagnate or burn out.

What is your option?

2022年8月17日

交易進行

The option is up 12% since overnight in the early going with the federal minutes out this afternoon.

2022年8月17日

交易進行

The call option ($9 for 9/26) is up 38% since late yesterday. Looking for more as fear drives UVXY higher.

2022年8月22日

交易進行

Another great day for USVY- the fear gauge is measuring the market pessimism!

2022年8月22日

手動結束交易

I am taking another third of my calls off the table as there is RSI bearish divergence
and a MACD flip on the short time frame chart. If tomorrow is another good day maybe I will reload.

2022年8月25日

交易進行

Accumulating more UVXY on the price drop awaiting the reversal of SPY /QQQ uptick] after the Powell speaks tomorrow

2022年8月26日

交易進行

Nice 8% pop this morning on the stock much much higher on the call options !