ProShares Short VIX Short Term Futures ETF (SVXY)

[37thirtyseven37]

True! Or I just move to 60 day options and sell around 20-30 days left assuming I timed the market and future news correctly and managed to beat the time-decay value of the option. Or buy right below the money and sell on the flip side right above the money.

Sarcastically - so few variables.

High risk = huge gains/losses.

So it seems you trade options often.

A question I asked on another board was long call options on SVXY vs long put options on UVXY.

Same principle, different leverages. It would seem the long put on UVXY would return more than a long call on SVXY. Assuming you don’t get sidewhacked by a reverse split and get stuck in an option contract you can’t sell and don’t want to convert to stock.

Also assuming no major market correction like ‘08.
There’s lots of people claiming another large correction is due this quarter or early 2018.

We just hit a new record for number of days without a 3% correction. So I think a small pullback is due.
$2448 is where a lot of chartists show it would probably hit on the S&P.