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ProShares Ultra VIX Short-Term Futures Message Board

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  • jondow69 Aug 14, 2012 11:13 PM Flag

    UVXY Should Have 2 Good Days

    HEY WAT, the smart play yesterday was to short XIV, at 14.50 which was its high of the year! i tried to short with my scottrade account, except the crummy MF'ers at scottrade had no shorts to lend. i tried to short SPY near its high for a day trade, but no shorts available. as far as XIV, that POS is topped out, i would not go long on XIV above 12! if XIV is above 14, it becomes a short candidate. right now with S&P at 1400 with the lowest 5 day volume in the NYSE since 1995, i would not try to short UVXY between 5-7. i expect a pull back, of the S&P, some time this week. there's a time to short,a time to go long, and a time to just sit and watch, and see which way the wind is blowing. getting back to XIV, i can't figure out why it popped so much up to 14.54. i really feel a lot of ETF, because the HFT's are so heavy into them, that i feel they're easily manipulated.

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    • jon: I am not doing that, I am just offering some great advice for uvxy shorts who actually think it will continue to go down. If they are right, and it does continue to go down, they stand to gain a lot more by going long svxy or xiv than short uvxy. It's simple math that they won't take the time to do on thier own, so i thought I would help them out. Now, when they post to short this POS, I will re-post this information and "help" them out. As long as UVXY is significantly lower-priced than xiv or svxy, it is mathematically impossible to gain more by shorting than going long for the same initial commitment of capital.

      Me, I am long UVXY and playing the market cycle. Therefore, I hold it long without trading in and out and then I hedge with xiv and selling vxx options as needed to cover the gaps. And I am not looking to hedge with xiv at the moment...

      Thanks and good luck.

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