I am down six bucks from 21.03 , and will sleep like a baby tonight , like I do every night. UXVY is a gift at this price ! Loads the boat ! S&P to 1000 or less this summer after things start to happen ! Don't wait until uvxy is 50.00 !
I bought some shares also for a quick trade, but will sell them next week. The best time to buy uvxy will be the first week of february, or the second week. The debt ceiling debate will be ugly, thats for sure. It will be quite funny to see uvxy perform the same way tvix performed july 2011 when it was trading aroung 15, and then went to $109 in september 2011.
Nice to see someone on this board remembers what tvix did in the summer of 2011. It's been so long traders don't know about the ability of tvix , they are stuck in the present .The big boys will sell long before QE ends leaving all the shorts stuck holding the bag , like they always do. They have a false sense of security with their stops in place. They will blow right through their stops and they will be trapped like rats !