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benjihyam
2 Th11 2023 22:55

$VXX setting up for a buy opportunity Giá lên

iPath Series B S&P 500 VIX Short-Term Futures ETNArca

Mô tả

Volatility looks like it's forming an inverse head and shoulders, which is telling me that if price is to hold at the lower resistances, it should setup for a great long term buy and also start a more violent selloff in the S&P.

I'd play this through options. If price holds that $20-21 region, then I think it's a good time to buy March 2024 calls or Sep 2024 calls (or both).

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Bought at $20.10

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Bought: VXX 03/15/2024 25.00 C
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benjihyam
Depends on timeframe. I think you could do 20C Dec 15 as the safest play for short term. Long term I think this is the bottom so you could also do sept 2024 at $25 or 30calls
LittleCash
Nice
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