uvxy can eaaaasily lose 20% in 2 consecutive days...... $7.13 can happen in a HURRY..
but the most likely scenario is 2 consecutive 30% losses.....giving it $5.46...
so before you longs start pumping some more try to realize what you're pumping here/
HEY SUIT WITH S&P AT ALL TIME HIGHS I'LL DROP DEAD IF UVXY DROPS THAT LOW, LISTEN UVXY DOES GO UP, YES IT REALLY DOES, MOST OF THE TIME ITS DOWN DOWN DOWN, BUT IT DOES GO UP, SO FOR LONGS RIDE THIS PONY BUT REMEMBER UVXY GIVETH AND SHE TAKETH! BOOK PROFITS,DON'T TURN A WINNING TRADE INTO A LOSING TRADE
EX. SAY YOU HAVE A 1K SHARES @ 10.59? say it goes up 50 cents? sell 1/2. now your break even pt is 10.09,but to drive from say10.29 to 11.59 then back to 10.39, you are nuts!jmo