Adding Back to Volatility Into the Bell; Chess Moves

As a way to express the idea that the VIX likely goes to 20 soon, I added back to my UVXY long here at $15.83 from my $15.53 entry after previously scaling gains. I am playing for another volatility spike. The position is now back to full size.

As I have stated before, UVXY is not for the faint of heart, being a levered long volatility ETF. So, if you play along be sure to assess your own risk tolerance.

Apart from trading in and out and in of UVXY today, I am standing pat with the rest of my positions on an otherwise slow day.

See you after the bell for my video market recap.