Fear is running wild on the Street yet again.

But don’t panic.  Use it to your advantage. At the moment, the major indices are taking a hit on inflation, recession, and fears of higher interest rates.

With that, it’s a good idea to protect against spikes in volatility, which we can do with:

ProShares Ultra VIX Short-Term Futures ETF (UVXY) 

The ETF was designed to match two times (2x) the daily performance of the S&P 500 VIX Short-Term Futures Index.  It now trades around $10 a share

iPath S&P 500 VIX Short-Term Futures (VXX) 

The VXX ETN provides exposure to the S&P 500 VIX Short-Term Futures Index. It now trades just above $21 a share.

ProShares VIX Short-Term Futures ETF (VIXY)

ProShares VIX Short-Term Futures ETF provides long exposure to the S&P 500 VIX Short-Term Futures Index, which measures the returns of a portfolio of monthly VIX futures contracts with a weighted average of one month to expiration. It now trades at $14.27.