Sold rest of RIG 5.86 and few UVXY puts at .70.  Dumped SI  2.35  .No positions now.

Sold most of UVXY puts at .61 but kept a few. 

UVXY  dropped like a ROCK  those puts from .45 to .59 in half an hour 

Fred looks like JPM is playing out your way. I did sell some UVXY puts again at .53 after buy at .45. They are volatile.  Interesting UVXY new high but the puts are not even close to prior price lows 

Key Takeaways  From Mark Newton yesterday 

• SPX breakout attempt failed; yet movement above 3928 would be respected
• Energy has turned down again, and energy longs require patience
• Technology looks to possibly stall out; other sectors will need to take its place

Good luck Fred I just added some at .45 

Glad I unloaded most of UVXY puts so back into slowly added at .45 now. Adios men.

You are right he was on briefly last night

Took off a few UVXY puts at .58 too top heavy.  Still riding SI long. Thanks junkie and all to your valuable input . Also sold more   RIG at 5.91

Average cost .51 on UVXY puts.  RIG taking off sold a quarter of them 5.85

Bought RIG   at  5.55   very oversold and huge shorts causes big VOL.

Added more UVXY puts .54 . For those follow Tom Bowley MAX PAIN he said SI has HUGE put OI that expires this Friday and it is up at 9 so likely good bounce in stock to help reduce profits in puts

Thanks for such a good update

Back in UVXY March 31 puts at .57      6 strike .

What type of correction upside?

Katy Stock on CNBC  said since  3900 taken out only 3800  is minor support with 3500  next possible target. Also she feels rates will drift lower too.

Thanks 

Any reason for quick spike up UVXY and VIX ?

Sold my RIG 6.64

I agree and I bought some RIG at 6.27 premarket this a.m.