Whether we hold here or not, we have had a nice VIX spike to 53, which historically creates great opportunity. I do so a potentially downside targe of 1820 which would be the OCT 14 retest and worst case Scenario a test of 1750. This would obviosly not be fun if you are currently long. Regardless of all that XIV looks like a good buy, and if we see 1820, I would buy more, and if we see 1750 I would buy the rest. This would set you up for a 2-3 year hold on $xiv which would likely create a simliar buying opportunity that August-october 2011 created. $XIV hit $5 and rallied to $45 in 4 years. If we see 1750 in the SP500 and $xiv lets say hits $15. We could easily see a move back to $50 or $60 when the bull market continues. This is obviosly not a trade. It is a 1000 day hold, but if the opportunity presents itself. You can stop trading. Just hold. It will be worth it. In my opinion that is. I am long $svxy and getting longer over the next couple months.
RSS Feed