Selling Calls on the VIXY goes against my market stance. But it has a good distance of 34.35% away from strike. Price action is ranging with the past volatility VIXY’s peak has still been below 24.65.
Risk Mitigation
There is a S&R lines at 24
There will be volatility and as such I have only purchased a small amount with a BP of 36k and I will be able to hold it even if it goes up by 3x
I Feel
No feelings
Imagine Yourself Taking The Other Side
The entire daily chart is ranging so in my opinion this is about being able to sustain the volatility
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