UVXY has only had about 4 days like that in the past few years. Does that mean you are not holding any position the rest of the time? I am selling my long UVXY position tomorrow for sure.
Yes I need to not worry about what others say. That guy King Phisher is screaming to everyone about how he has made hundreds of thousands of dollars on puts but he has never posted a real time trade, it's always after UVXY has dropped 50% he comes out and says he bought puts. Not too credible I suppose.
Thanks for the perspective. I know some similar stories, guys who not only lost 100% of their money but actually owed broker money to close the account. Insanity.
it is always higher without exception.
UVXY will certainly hit at least 25 this week. That is only 20% move which is just 10% on the futures. They can explode higher immediately if the Fed indicates taper. If they taper stocks might head back toward fair value of 1150 on the S&P 500.
Wonderful move today! It made no sense to be up so much but I'll take it!
Sentiment: Strong Sell
Just a prelude to tomorrow. Everyone knows we got a big market correction overdue and the Feds may stop the bubble soon.
You see it after hours right now? I am more of a UVXY guy myself, but VXX is kicking butt after hours.
This is the perfect storm that will wipe out UVXY shorts.
Do the math- only needs to go up 10% 14 or 15 times to hit 50. You must be the idiot since you were negative on CALL last week.