BUY UVXY @ the Market!
This is an Opening position with a 5% portfolio weighting.
The risk is maybe 20 cents to buy some downside protection.
Options traders…it cost app $1.40 to buy the 14 5/20 Calls.
A call spread could be in order.
I’m doing this trade to hedge exposure into a big event week.
Insurance is cheap particularly after these monster rallies in MSFT,GOOGL & AMZN