#VXXGame – with the Dow average down 1600 points and the VIX at 35.73, all my accounts ran out of buying power.
I have puled all my open orders to establish new positions.
The silver lining is that in the coming days much higher strike prices will be added to almost all the expiration dates for UVXY. That will potentially set up some nice trades, even of the VIX goes back down to 15 where it belongs.
As things sit right now I will be adding to my SVXY long stock position on Friday and rolling some UVXY Calls forward and up.
But Friday is a long way off 🙂