I think today and tomorrow might actually be good for small gains in UVXY. Japan's slower growth should create a little worry of global recession, and I expect tomorrow's retail & PPI #s to be somewhat worse than expected.
Because the VIX was so low, a lot of people were expecting the blow-off top in the market today would be my guess. And when it didn't happen it dropped pretty hard. The MM took advantage of the early demand.
hey what i just tried another short on XIV, scottrade sucks! none available, the only time SPY or XIV is available to short, is probably when it'll go up. i heard TD ameritrade has shorts available. ps, why do you feel XIV, pushed up so high? i can't believe it hit 14.54?
The "smart" play at this point if you think UVXY will continue going down is to go long XIV or SVXY and stop shorting UVXY. You can get an equivalent long position in either of those two as what you have in uvxy short. The only difference now is that you stand to gain more by going with SVXY or XIV than you ever could with shorting, or continuing to hold short, UVXY. Do the math, less risk and WAAAAAAAY greater reward potential.
That is if you think UVXY will keep going down....
Smart players are switching to that play because the numbers don't lie.
Settle 4 a 5 Hour Energy? Normally, I wouldn't argue. UVXY just seems to sink now matter what. But, I think if the retail #s are as bad as I expect, the markets will have a bad day tomorrow. Rare opp for short-term UVXY gains. JMO.