Monday, March 14, 2016

Buy Signal

Another Buy Signal has triggered. This is a difficult spot with the Fed meeting coming up in a few days, but the Contango roll ( Juice as I like to call it) is very nice at the moment. If there is no bad news over the next couple weeks and the VIX doesn't spike, SVXY could have some very nice gains.

Opened the following trade:

50 contracts of APR 16 SVXY 44 Call for $3.10 per contract.

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