UVXY classic Volatility Setup
Look at that second hour of trading on Thursday, a powerful divergence to the upside on UVXY on the hourly chart, indicating Volatility was about to head up, and of course, the markets were going to head down.
By late Friday the UVXY had risen over 50%
That powerful upside divergence on UVXY gives us confidence that the markets like SPY are likely to move lower. Here you can see SPY moved down from the 400 level to 386 rapidly over the 2 days.
The SPY 388 Puts expiring on Friday March 10th were one of many OTM options available that Thursday morning. On Thursday the 8c option rose to around $2. On Friday as high as $3.95.
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.
Limited Seats 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!