Just to be clear, I'm just looking to trade around the UVXY calls, I still hold some August $9 calls (Fat finger trade-meant to get a $7 strike).
Also I still like VXX and UVXY for the near term trend (market pullback).
VXX which often gives better signals on a 1 min chart with an intraday leading negative divergence confirms all the other charts we have seen.
Beyond that short timeframe though, charts like the 3 min have a great leading positive trend
Or the 5 min
Or even the 15 min, so I'm just looking to take some quick profits and look for a better entry in that particular position.
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