I wouldn't be too concerned about a hedge, Greg. I pointed out the potential for a very short term sell signal on UVXY to you on Fri. As I said in that spew, just after 11 AM UVXY "would have" generated that sell signal and then moved on to a new 52 week low. I see that UVXY traded to a high of 9.89 in teh after hours session. If that happened during reggy hours it would have likely generated that signal. The windup? There may be a small wave of market selling on the open Mon to scare some new buyers out of long positions in "blue chip" tech like FB, GOOGL, AMZN, etc. It would be a mistake to hedge on that selling imo. I got your back and I will update you if anything changes. I got to get you to testosteroneize your nutsack and get the guts to go with some "slightly out of the money" trades at the closer expiry dates. Of course I can't expect everyone to be able to time things as perfectly as I do though. :-) I'll be back at you on Mon with my choice of the strike and expiry to go with on FB once I see the open. You are spot on about the place to look to take advantage of this "final" market rally though. Jamie Dimon and Lloyd Blankfein don't let rookies handle the compooterized FB, GOOGL, and AMZN trading accounts. The sharks will be on your side on this trade. :-)