There’s never been a trade that didn’t involve risk.

In this episode of Stock in Translations, Kenny Glick, owner of HitTheBid.com, joins Yahoo Finance markets and data editor Jared Blikre and Producer Sydnee Fried to discuss risk, volatility, and reward.

Glick, who makes his living trading options, is no stranger to the risks of day trading. He thrives on volatility, even though it’s inherently risky.

One of his tools for navigating this risk is UVXY (UVXY), a derivative of the VIX (^VIX)—the 30-day outlook on S&P 500 volatility.

“UVXY is a product that's basically built to go down, and it tries to reflect the fear of the day,” says Glick. “So as a day trader, especially for the shorters… if UVXY shows any kinds of strength, you know that the sellers are out there. And my God, if it's actually trending higher, UVXY, you know, the market's in trouble.”

Find this episode's transcripts and more episodes of Stocks in Translation at https://finance.yahoo.com/videos/series/stocks-in-translation/

Thoughts? Questions? Fan mail? Email us at [email protected].

Yahoo Finance's Stocks in Translation is hosted by Jared Blikre and Sydnee Fried, and produced by John Tejada.

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