Triple Witching Today. Expect volatility then short this ETF!!!
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hfloyd1234
@hfloyd1234
Posts
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When will UVXY traders wake up to see this ETF is stuck in a nice trading pattern. Unless there is an act of war like China attacking Tawain you will not see UVXY popping above $12. Play this trading pattern both ways.
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Choppy Day for SQQQ. Failed to get to $40. Should stay choppy til Friday. I can’t see this pushing through 200 day moving average.
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The puts are selling their positions. Let’s go!!!
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Keep the pressure to drive this ETF to $4 so that ProShares does a 10 to 1 Reverse Stock Split to drive the price of UVXY to $40 just like they did SQQQ. At this price you have more to gain by buying Puts not Calls!!!
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I wonder how much longer institutional investors will prop up this stock???
UVXY
UVXY
SQQQ
BYND
UVXY
LEN