It looks like the real Black Friday deals didn’t fall on Nov 23rd, like most retailers advertised, but rather on Friday Dec 14th, when I posted how the VIX was on sale.  So far, the Jan calls have doubled and then some and most likely are just warming up to the real move.  As far as a price target(s), my preference for my Feb VIX calls is to use my next primary price target (top of T4 zone) on the QQQ vs.using the VIX chart.  I might take partial or full profits on the Jan calls if/when the former T3 level is hit, depending on the market action over the next week or so.  One day at a time though as I try not to extrapolate too much from the price action during the low volume abbreviated holiday trading week as year-end tax selling and window dressing can lead to some whipsaws and false buy/sell signals.  However, for now it looks very likely that the counter-trend bounce that began on Nov 16 did complete on 12/19 and as long as prices remain below the $SPX 1430-1440 area, $COMPQ 3040 area and AAPL below that key uptrend line, the odds favor more downside in the coming weeks to months IMO.