Let's check every time it breaks a new 10 cent barrier (i.e. when it hits 3.15, 3.05, etc). I think bankruptcy is soon maybe.
Are you sticking hard and fast to your lies, I mean claims, that you made money trading UVXY?
I would never short this outright, you just buy puts- been working like a charm now. Look at this week's $3 puts, from 2 cents to 50 cents what a ride!
I am OK, just owning puts, if they squeeze it, I just lose the premium. It eventually goes to 0 the only question is the timing.
Since your post this dropped from 3.15 to 2.59 right now- going under $1 soon and maybe 0.
Been losing 50% a week, in one week would be 1.30, two weeks 65 cents, then 33 cents, 17 cents in 4 weeks. It was a scam all along!
The investment was $16,500 plus commission (it came out of profits from another put position on this known scam). My target by December expiration is 25 cents or lower. At 25 cents, the puts would be worth 75 cents, for a profit of about 63 cents per contract or $94,500 on an investment of 16,500.
It's a pure play on bankruptcy by December.
Check the trades on the $1 for December. 1500 all mine buddy this could be 5 cents by then.
Edit- 29 days. I feel there is a strong chance they file for bankruptcy during that time.