VIX (Jan) PPI potential reaction range

This is for Long UX1 (Jan) positioning (1 day), Entry point is 13-13.05

Today PPI is another eco driver for the week. Indicative trading range for Friday is 12.8 - 13.5.

If PPI is muted. set stop loss at 12.8 post 30 mins of US open OR profit take any time 13.3 during the day (whichever hit first)

If PPI again is hotter than expected, set profit take higher to 13.5.

VIX spot is still have a reasonable gap away from UX1 future (Jan) with Monday is also a holiday, can switch to Calendar spread (short Jan long Feb) after the Long VIX exit or by end of US hrs trading

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Eventually it did hit 13.3 before PPI data (more driven by Bank's earning release)
EOD last trade was also closed at 13.35 (high was 13.45)