Rlolsen, UVXY did the same thing yesterday. The VIX is still very low historically. There are so many catalysts coming along: Syria, Federal budget and tapering QE. I'm sticking with UVXY and adding on dips. The market is still near historic highs and I expect more and more volatility. It trades wildly and I will only buy on dips.
Thanks DrJ, UVXY if you catch it right this thing really is a good stock. Of course the other side is true also. If you look at my other message yesterday I thought correctly that we would have an up day so I had several round trips with UVXY. I hope I can do it again. It helps when Soda is stalled out. You would think it would close the gap with GMCR but it just gets bigger. Waiting patently but with the ME conflict it is always keeping us on our toes. I'm hoping for a tame ME action plan but expecting chaos with congress on other topics that should keep UVXY alive and well as you indicate. Good luck and go Soda longs.