I am long UVIX, SQQQ, SARK & FNGD. I also have the UVXY 15 weekly calls (exp. 4/29/22). UVXY is much more liquid than UVIX but its 2X vs. 1.5X for UVXY. I am also short the MNQ since Thursday afternoon. I have a feeling Sunday night/Monday morning will be down but there will probably a rally intraday. I mean QQQ/NQ has been straight down 7% which can't be a high probability event.
My 2 favorite inverses right now are UVXY and SCO. Will sell gaps up premkt if they start to drop, or buy more if they continue up. I also like SQQQ TZA. If we get a bullish reversal I'll daytrade SOXL. Happy hunting!
Hey man, if you're gonna be awake on these beautiful Monday mornings anyway, may as well take a good look at trading mCL to get your day started.
Overtraders Anonymous: If you aren't getting enough action in your day, mCL can give some good trades at night too... https://www.elitetrader.com/et/threads/charts-for-no-reason.344272/page-22#post-5585116
Eeeaaaarlymorning Overtraders - https://elitetrader.com/et/threads/charts-for-no-reason.344272/page-22#post-5585199
Another day another collapse. The selling on the FAANG & Semis was relentless in the morning. I think FNGD was up 14% at the peak.