I picked up some $2.43s this morning.
Should drop to low $7s today.
Look for 1% to 1.5% gain tomorrow, which should put UVXY at $6.80 to $7.00.
I'm waiting for drop into $6s before buying again. Futures seems to be inching back up, so we should see some retract in UVXY tomorrow and possibly Monday.
So I'm bit baffled of this 33% fall. But then again, the volume is low, it it'll probably counce back to $15 to $16 range tomorrow during the regular session.
In fact, it retracts back after each pop.
If market rallys.
Look for bit more drop towards closing.
I'm thinking 3.00 to 3.10 range is where GTAT will be supported and may reverse.