original price target of $14 hitWhen I was buying SVXY a couple of months ago, I mentioned that SVXY should hit $14. Well here we are, although it took a little longer than anticipated. Still have 1/4 of my long position in SVXY with cost of $11.32. S&P still might have a small pullback then push above 2800. Depends how long it takes to go above 2800 will help determine when I sell my SVXY for profits. I sell profits at price targets as well as time targets.
Going long volatilty has been a losers game the last couple of months. I made a few day trades with TVIX along the way, but sold for profits as the trend was down. Bagholders that held it all the way down are down big. Remember the charts and reality don't lie.
I still hold a portion of my short in UVXY from $20.83. That short is up over 50% now. Such an easy trade that was.