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ProShares Ultra VIX Short-Term Futures Message Board

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  • ralphjlindblom ralphjlindblom Aug 10, 2012 11:26 AM Flag

    UVXY now 90 CENTS a share Pre Split

    I hear your argument that the most he can gain is another $5 and he is risking losing more if this spikes.

    Let me give you my perspective as an option player:

    Assume I think this will go down next week.

    I buy the Aug option, strike price of $8 for about $2.70 a share (betting it will go down to at least $5.30 for break even).

    If the price ends up on the following points, here is my profit as a percentage of investment:

    $5.30- break even

    $5-.30 cent share gain or 11.1%

    4.8-.50 cent share gain or 18.5%

    4.5- .80 cent share gain or 29.6% return

    Thus, even with a move of $1 in the next week, I make almost 30% on my investment.

    Where else can I make this type of money in such a short time?

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