Weekend Protection
$UVXY
Not that kind.
UVXY 0.00%↑ has melted since everyone became hysterical over the Trump Tariff plan. It opened at $25 on “Liberation Day”, and sits just above that at present. But what’s changed? On a net basis probably little.
SPY 0.00%↑ and QQQ 0.00%↑ have led the bounce, having run right into AVWAP levels from the election.
So given these moves, I’m inclined to buy a little protection into the weekend. Worst case scenario is a calm. “headline-less” weekend that pushes VIX lower into next weeks trading. A small downside loss into $25 to insure the portfolio.
