Mining Sector Ideas

[bigworld]

gfp: I am also looking at 16 on the VIX as a point that I'd sell SVIX. The buying in the market is pretty limited to the Mag 7 right now. The Dow and S&P are taking a breather. But there is no real selling pressure. So I think a few more trade deal announcements should extend this rally in the short term. A $15.50 price in SVIX would net me about $50 K. I'd be satisfied with that return. Holding after that is too much risk for too little upside. When the VIX is up near 40 on those periodic sell offs then buying SVIX is almost risk free if you have the stomach for it. The VIX will always retreat at some point.