ProShares Ultra VIX Short-Term Fut ETF Message Board

The 3rd RS sure took a long time. I was expecting it in March, but oh well it was a matter of time.... If you noticed on the previous 2 splits, UVXY drops about 35-40% in matters of weeks after a split... I know that this product should rise/drop based on future VIX contracts, but for some reason it takes a huge drop after RS.... see past 2 splits

so how long do I have to trade before I'm NOT a newbie #$%$?

Ok dem, I'll keep an eye on that. This market has defied technical readings so far this year. Irrational is the word I've gotten used to but we'll see if technicals are going to start dictating the movement.

Exactly. Price drop is actually great news for you and me. Good news for the shorts too. LOL

I m in the same boat. Talked to a broker on friday before day ended, he said, the options will become nonstandard options. Basically, the strike price remains the same, but the share count will change. Will be back tuesday, if u need further explanation. Have a good holiday.

Great answer. What people dont seem to understand is there are day traders on here like u n i. Even if it drops below 6, it doesnt matter. But, and unfortunately, there are a couple of bag holders on here. Maybe one or two.

Um no it will be down, it set up for that in the charts, this is side ways continuation pattern, and its complete, 90 percent sure out it. And if we do go up, we will have a reversal that day...

Um you are wrong, this baby will be up all month long, fact, market about to correct huge.... I know this for fact, 95 certainty.

Thanks for pointing that out. For some reason, I couldn't see that on the chart

I agree that it hasn't started by any means. That's exactly why I think there will be couple of fake-rallies to trap bulls. Remember, I'm not projecting beyond one trading day.

Thanks

A tually, all those stocks we both mentioned are a lot easier to day trade than UVXY - which is supposedly a day trading / short-term vehicle

The trading range has been tight but with wild swings. That is good for options. It will be even better when instead of having to buy in the money puts now because of the tight range you can buy more speculative out of the money puts...which right now are a death wish.

Markcusw: the number of shares will be divided by 10 like you said. The sell short price will be multiple by 10. The math is no different than for someone going long. The cash in your short account will be the same.

Can't comment on options since I have never traded UVXY options. But for in the money options, I see they should be the same. Lately, the trading range is very tight so I wouldn't want to buy options.