When trading, focus on minimizing losses over maximizing profits. Personalize your approach to risk management and understand your risk tolerance. The CBOE Volatility Index ($VIX) measures market volatility, recently rising above 20. Consider the Ultra VIX Short-term 2X Futures ETF (UVXY), which aims to magnify VIX movements for potential profit. Collaring UVXY with a covered call and protective put can provide a balanced risk-reward ratio, especially with its lower share price. UVXY can serve as a tactical trading tool to manage stock market risk.

Read more at Yahoo Finance: How to Turn Volatility into a High-Power Trade, Using This 1 ETF and an Option Collar