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Close Out UVXY Trade

|Includes: TVIX, ProShares Ultra VIX Short-Term Futures ETF (UVXY), VXX

With the markets stuck in neutral, we barely got a signal to close out the UVXY trade tomorrow (if the price action had been just a few cents lower, we would stay in at least another day). Following the system to the letter would mean closing out the trade at the open on Tuesday. Although buyers/sellers are pretty much balanced, it would not take much to ignite a small rally in volatility. So, if you want to be riskier or you see the trade move in our direction overnight, you may want to wait and see if the trade turns positive sometime during the day tomorrow.

The closing price will be posted tomorrow.

Disclosure: I am/we are long UVXY.