I had to exit my UVXY on Weds because since reverse split interferred with my gisplay. Brokerage firm said could not correct data until ?shares received. So I bot to cover, with intent to sell again, in a day trade manner, then, would'nt you know it, no UVXY shares available for short sale.
I was ticked. I then shorted a small amount of VXX to start building a short position in VXX, since UVXY was not available. Big pay off today, so with huge down day, and great return on my market short position, I sold shares of VXX througout the day. Position still smaller than what I had built up with UVXY, but, now significant in size, I will short some more Friday, if we have BLACK friday.
I made more trades today than I have in the past month. I great day to be a trader, on the short side!