I have bought some UVXY LEAP puts in my tIRA account.
music selection: “Tennessee Whiskey” — Chris Stapleton – That’s right, A country song!
I don’t ordinarily cover the trading action in my tax advantaged account but the UVXY trade is so popular, I thought I’d make an exception and share. I found myself with some undeployed cash and decided that UVXY puts were the best risk/reward on offer in the market right now.
I bought UVXY180119P00016000 for 8.40 a share. I’ll be holding the position at least 30 days unless it moves into the money unexpectedly quickly.
Devour your prey raptors!