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

ProShares Ultra VIX Short-Term Futures Message Board

  • sstillen sstillen Feb 11, 2013 1:21 PM Flag

    What a slap in the face to longs . VIX up 1% and UVXY down 1.88% !

    What do you think is going to happen when the VIX drops 1% ? You guessed it , UVXY will drop then too ......This product is a well tuned scam my friends ! How are you supposed to make money off of this if it drops when the VIX both rises AND falls !

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • you dont know what your talking about. your a mor......n. uvxy is doing exactly what its supposed to do. futures contracts rolled over to march. march is at 14.93 and april is 15.9 uvxy is down because vix is at 13.13 and there not trading on feb contracts. read and u to could be successful..
      Uvxy is not a scam andymore than xiv is. they do what there intended to do... trade off of them

    • SS:

      This Cynic credits you for at least NOT referrng to UVXY as a "stock" like so many other lost clueless souls here.

      But surely UVXY is NOT a scam. It is doing exactly as promised in its prospectus, making its asymptotic progressive approach towards ZERO as promised by the good folks at ProShares!

      And to answer your question, "how are you supposed to make money?"

      Well, one might invest considerable time to understand this product, comprehend VIX, study the VIX futures, and investigate contango and roll yield.

      Then one might learn about options and figure out the best risk/rewards for UVXY puts. Or one might become expert at short-selling.

      At least, that's how this Cynic makes money on UVXY whether or not the VIX is up or down.

      But what does a dumb jerk like me know, anyway???

    • jondow69 Feb 11, 2013 1:32 PM Flag

      HEY SS, uvxy IS down 22 cents and your complaining? hey its a good thing, only down 22 cents, get a grip, see what happen s when they juice the algo programs! we either rock? or roll over? NO VOLUME TODAY, obama speaks tommorow night! jmo

16.65-1.35(-7.50%)Sep 30 8:00 PMEDT