UVXY Long (Hourly Chart)

I think its a good shot for UVXY to move up a bit next week. Hoping it might break thru the trendline. I bought Jan 29 $12c and sold the Jan 22 $18c for a net of .69.

If I'm wrong (this is after all a notoriously foolish bet) there shouldn't be too much damage.

Kommentera:

I got suckered on this one. Timing is important.