Because of the potential for significant moves following the Fed decision affecting the market, volatility and the dollar. This morning I’m going to be closing down roughly 1/2 of my $NUGT positions. They have very nice profits but are fairly illiquid so want lock in some gains and not feel the need to mess with them when things are moving fast.
Looks like the market is going to be strong this morning, so will likely reduce some $UVXY and $SVXY profitable positions. If we get a nasty reaction like last time, I’ll have the opportunity to re-enter positions at better prices.