Today was the June Option expired for UVXY. It is rolling over, so now options positions will begin to be put on starting tomorrow.
Market Makers can move these things around at the expiration.
The new option period starts tomorrow. Demand for options will rise going forward, and the VXX will increase as the month goes on.
We should see a stedy rise in VXX for the rest of the month, into July.
UVXY will rise now. Hang in there.
They are right, you have not lost until you have sold.
Get some more right now, in the Aftermarket for $10.80
i'm only down $7k so far on this but i've been trading in and out. sucks though because i've made profits on all my other trades, to lose to this one... lame.
instead of shorting BBBY for the earnings, I thought I buy UVXY instead. what a mistake AGAIN...
You all sucumbed to the psychological effect know as gamblers ruin...double down over and over just to try and break even until there is no more money left to double down...ya see it at the roulette and blackjack tables all the time...just one more hand...i am SOOO due
IDIOT IDIOTS IDIOTS.
Never ever average on this! Never touch it if you dont understand how it works! In fact VIX closed -$1.27 today - VXX closed -0.70, so in fact UVXY supposed to close @ - $1.40 or so. UVXY NAV shall be about 10.50 now, and you know what? - expect further decline as VIX falls like crazy
I'm riding her down too... I'm out $17k now. QE or chance of someone down the road as our economy continues to fall apart. But who cares about the "Real Economy" as it's the free money that everyone wants so to hell with what's best for the country as long as we keep pouring tax payer dollars into investors pockets with NO return to our country in the way of real investment. We're screwed here and out of our paychecks. Definately time for a change in NOV.