The coronavirus fear has become palpable.
Businesses and schools around the world are closing down. Global indices are plunging. Sports and concert events are being canceled. And, as the number of U.S. cases jumps to 3,485 with 65 deaths, fear has only grown worse. It’s why President Trump just released a new series of guidelines to slow the spread of the virus that calls for the lockdown of America, including closing restaurants and schools for the next 15 days. At the same time, Trump said his administration may look at lockdowns for “certain areas” or “hot spots” in the nation, as reported by CNBC.
However, we were very well prepared for the chaos.
In fact, back on Feb.19, 2020, we noted that some of the best ways to prepare for volatility was to trade related ETFs and ETNs. To date, all have exploded much, much higher.
- ProShares Ultra VIX Short-Term Futures ETF (UVXY)
- VelocityShares Daily 2x VIX Short-Term ETN (TVIX)
- iPath S&P 500 VIX Short-Term Futures (VXX)
To date, the UVXY has exploded from $10.72 to a current price of $90.14 for a gain of 741%. If you bought into this opportunity, exit half to secure a partial win. Hold second half. So, if you bought 100 shares, exit just 50.
TVIX rocketed from a low of $39.25 to a current price of $591.25. That’s a gain of 1,406%. Sell half to lock in a partial win. And the VXX jumped from $13.56 to a current price of $59.21 for a gain of 337%. Take half off the table here, too.
If you bought into these opportunities, you were very well hedged for the market chaos.
Be sure to hold the second half of each of these opportunities, as markets continue to break down on wild coronavirus fears.
Also, if you did buy into these opportunities, we’d love to hear how you did.
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