I bought puts on ProShares Ultra VIX Short-Term Futures (UVXY) today.

music selection: “We Got The Beat” — The Go-Go’s

I had expected to write a post about waiting patiently and not being able to trade every day in the market.  But while I was helping my dad’s neighbor perform brain surgery on a Windows Vista machine with a corrupt login file, a stink bid filled.  So that’s today’s lesson instead.  When in doubt, enter a stink bid and forget about it.  You might get lucky later in the day.

I was able to purchase UVXY170120P00010000 for 3.65 today.  I will be holding for at least 30 days and then exiting at the first opportunity to do so at 150% or greater annualized return.  Recent trades on this theme have exceeded 200% annualized return.  Here’s hoping.

Devour your prey raptors!

Bought Puts ProShares Ultra VIX Short-Term Futures (UVXY)

Never miss another opportunity to devour prey!

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