You are correct, Danny. Extreme contango gap of 20% needs to be filled by next Tuesday, when futures roll over. This will drop 'till then, weather market up or down, hence the drop the last two days although we are down 105 points in that time. Any up move tomorrow (futures are up at the moment) and this will drop at least a dollar. Wait 'till after Tuesday if you want to go long for some reason. This is all explained on the UVXY board by people more knowledgeable than me.