UVXY classic Volatility Setup
Check out this powerful hourly chart on the UVXY, the volatility ETF. A powerful divergence to the downside, indicating Volatility was about to head down, and of course, the markets were going to head up.
This event occurred after 4 hours of trading Wednesday, March 15, 2023. The same pattern was clear on the 2 hourly charts and gave us confidence that the trade could last longer than if this had been on a short time frame like 15 minutes.
As expected the SPY was showing the opposite of UVXY, indicating a potential move to the upside 4 hours into the trading day.
The SPY 392 Calls expiring Wednesday, March 15th, despite only a few hours until expiration, could have been had for @5c and rose to a high of 50c within 45 minutes.
The strength of the UVXY hourly and 2 hourly divergence drove the SPY higher into the next trading day, March 16th. The SPY call options expiring the 16th, for example, the 395 calls could have been had for 5c and rose to $2.
Last Few Seats - Don't Hesitate
Spend 2 days with Dale and live market action
April 5 and 6, 2023
Focus on SPY and QQQ options
PLEASE NOTE: We're limiting the number of attendees Don't hesitate or you'll miss out.
Low Price Revealed at https://www.theoptionshunter.com/zoomlivetrading
Before Mid-November 2022, we could only trade QQQ and SPY options contracts that expired on Mondays, Wednesdays, or Fridays. Now we can pick any day of the week for expiration dates on QQQ or SPY options.
Most stocks have option expiration dates each Friday. Due to high trade volume and demand for QQQ and SPY options contracts, market makers have expanded offerings to give traders more flexibility.
That means more out-of-the-money options with little or no time premium every single day.
What to Expect
- I'm willing to spend several hours over a couple of days with traders who struggle to pull the trigger!
- I'll help you to recognize the pattern on the UVXY no matter how low the time frame and see if the SPY, QQQ & IWM show the opposite.
- I'll show you in Real Time how to take advantage of these great trades, but only for those who have the time to focus and participate! during the trading days when these great trades occur!
- I don’t have any control over WHEN the pattern occurs! I only know the WHAT to look for! If it happens that it is short term 2 min -30 min time frames and that’s what can produce 1,000% or more with confidence, then so be it!
- Therein lies opportunity! I'll guide you so you'll be ready to make that FIRST option trade!
April 5 and 6, 2023 at 10am eastern until ??
Limited Seats Low Price Revealed at https://www.theoptionshunter.com/zoomlivetrading