Historically $UVXY doesn't break above its quarterly open...

Too bad it's the weekend. Now we'll have to wait and see which way this whips!

Black line: The quarterly open acting as resistance. You can see how well that goes:

A covered ITM call makes sense if you're bearish. Collect the premium, cut the short sell and ride the call if you see a bounce. I can't imagine gauging where this will go next, but I sure hope it's down!

تعليق:

Hate to see it lol

تعليق:

Ended up with early assignment, exercised long $11.5 to cover $11 because I wasn't sure if it would work out. I waited too long and too short because either letting the premium rise to cover or rolling up would have landed me in profit. Also, overnighting ultra short term volatlity during a global medical crisis....