Wow the difference between the 1 month and 2 month futures is up to 16%. Hence the vix is going to have to climb a lot just for UVXY to break even. Seems like a great time to short UVXY
while true - the vix could easily spike 16% given that it is quite low now .. vix moving from 11s to 18s can happen in a day if there is a turbulence ..
but as you may already know, i have a healthy short position in UVXY from Dec 28th 2012 ..
but shorting UVXY now could come with a huge risk as the VIX spot is low and could spike any time ..