So I called out a potential UVXY trade and I missed the one indicator that every trader relies on Resistance However I mentioned that I was wanting to sell premium, and this retraction was actually beneficial to my theta gang strategy on my paper trading account 5pt iron condor at strike 85/90 call strike 45/40 puts strike It gained $50.00 P&L today bringing me to p&l open of (22.50) Theta: 9$ per day $2500 bp effect profit zone= 20-25% of max p&l P&L % (-%1.44) Re iterating my ridiculous price target yesterday Id want UVXY to stay between $55-65 until market close on friday.
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