$SVXY $UVXY – Prior pivot points to watch for a potential breakout (prices are approximate)
$UVXY Late Feb High 23.85/ Late Mar High 20.18 (followed by new low of 15.16)/Mid Apr High 21.75
$SVXY Late Feb Low 118.40/ Late Mar Low 127(followed by new high of 146)//Mid Apr Low 120.19

So a move in UVXY above 22 would signal caution and open the door for a bigger move.
The expectation is that SVXY breaks below the 118/120 band.

For UVXY, except for 2-3 day scalping trades like I did today, I’d keep selling weeklys in the $40-42 strike area, and for longer trades I’d stay at the 60 strike.

The sweet spot for Weekly Put sales in SVXY continues to be in the 75 to 85 strike price area. Selling too close in the 90-105 area could leave you exposed to a sudden downdraft in SVXY. It has moved 10 points lower in two days 2 or 3 times since late March.
Strike prices beyond the weeklys should be in the 60’s, although they are illiquid and not very high priced. Maybe it’s better to keep the powder dry and concentrate on the weeklys 5 and 6 weeks out.

Just my humble opinion.
Now watch volatility collapse. Just what I don’t want 😉