Some of that is market rock and roll, as decay doesn't set in until end of day.
Your only hope to make money is to guess that the Geitner set up to make all the banks pass the stress test if some get this hand out and some get that bailout--doesn't sell to a disbelieving crowd--the floor trader CASHIN for UBS thinks its lose lose for anyone who can count on fingers and toes.
There are so many fictions being written into scenarios that lemmings are jumping into it makes you wonder.
If you want to lock in something besides daytrading, your only hope with this ETF is to sell an in the money covered call due May for seventy five cents or $1.25 profit, and hope it doesn't decay more than another seventy cents.
I said decay, not move with the market, which is a whole other issue.