Markets have gone haywire.

With plenty of global issues, pandemic numbers, and poor retail sales, investors are nervous.

And rightfully so…

With regards to the virus, the number of global cases is now up to 208 million, with nearly 4.4 million deaths. In the U.S. alone, there are 36.8 million cases to date, with 622,437 deaths recorded, according to Johns Hopkins.

Unfortunately, the virus already put a dent in retail sales, which fell 1.1% in July – and it may only get worse, as the virus makes its way around the world again.

However, in an effort to safeguard portfolios, some investors are hedging for volatility with the UVXY, the VXX, and the VIXY.

This is just one of the opportunities we find quite often inside Extreme Option Profits.