Recent

% | $
Quotes you view appear here for quick access.

ProShares Ultra VIX Short-Term Futures Message Board

you are viewing a single comment's thread.

view the rest of the posts
  • jwm1031 jwm1031 Mar 19, 2012 4:39 PM Flag

    FOR THE LAST TIME JACKASSES- UVXY DOES NOT

    I have been watching today and it tracked down almost exactly 2 x the fall in the April futures. As to why it is a wasting asset and can't be viewed like a stock, look at the following: http://www.forexpros.com/indices/us-spx-vix-futures I know this is not exact but look at the Friday close of 16.13 and today's open at 21.75, which is the April futures I believe. It's as if it started trading at 2 x the April futures today. If April falls to 16.13, that represents a 50% drop. UVXY price does not equalize to the 21.75, but keeps falling as that drops. In other words it's apples and oranges, not apples to apples.

 
UVXY
20.670.00(0.00%)Aug 25 4:00 PMEDT