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you should read the prospectus, As of now this will be below 15 on friday. IF your not up on the vix term structure and how UVXY trades with it based on prospectus your just shooting blindly into an open field hoping to hit a rabbit
long puts on uvxy and if your not risk adverse go several months out or even leaps that way spike will not affect you
i do all and if I were to find myself upsidown on weeklies I would asked to be assigned short position at expiration
cool, look into uvxy puts on any implied VOL spike. Crazy returns
indeed fuzzy, I am sure penny stocks get the most followed by decayed ridden etfs or etns
the vix is a mean reversion statistic.
uvxy is a leveraged etf based on front 2 month futures of the vix term structure. It has daily resets and suffers from beta decay and slippage.
SO yes it will always go down when it is not spiking
edit this is for the guy that asked about svxy being a highway
do you trade options?
glad someone is banking on svxy seems uvxy board is 10x more active
yup all cash now uvxy puts along with svxy puts(sold) have been great last 2 weeks viva la mexico for second long weekend in a row
had a great eow and monday cash now except 3 weekly puts 2 80s 1 81 for $939 premuim
it amazes me how many people here and stocktwits post uvxy but svxy is dormant. Its like trying to catch bigfoot when its elk season and you could be eating for days if you were not waiting for big foot to cross your sights. Only thing I would possibly do is buy out of the money calls while this thing is being destroyed and market at ATH and hope you get a spike. Otherwise SVXY or shorting uvxy with options or intrinsic has paid me handsomely
short any 10% uvxy move up (no catalyst)
short any political catalyst
short vix over 20
start scaling in short when vix is in backwardation
only time I would ever long uvxy is if there was a major catalyst ie war or conflict with a way to resolution not foreseeable
yes sir I keep it simple 90% time I get paid selling svxy puts but on spikes I actually buy uvxy puts and profit in shear % is unreal
NAV is 9.5 on UVXY past fridat so I would expect it to touch there if markets flat or up monday. Remember abbreviated day then open wednsday. I am on other side of trade closing my uvxy puts and selling premuims on svxy( sold 12 contracts will have 500 put to me at cost of 159.85-160 looking for 164 monday
cleared some new patio furniture for momma today! If tommorrow goes as plan(svxy 163-165) a 3-4 day reset in mexico !
short all pops?, especially political catalysts which were previously known to anyone with a sliver of knowledge. under 10 tommorrow unless quad witching needs a 10 pin
I couldnt answer on private message but yes that is what I was refferring to, that and the mathematical equation which spells doom to the etf coupled with daily resets and beta decay
How are you determining support level on a leveraged etf of a dirivitive?
YEs buying a put is bearish on underlyinig
its 11.6 now and i am closing puts between 60-100 % gain
sold 3 130 puts for 1.86 yesterday
btc 135.5 and 140 this week for pennies
up 100% on june 2nd 14 uvxy puts
everything green
i did buy some uvxy puts eod for december $14 strike
also did june 2nd and june 16th 14-16 puts
I sold some puts early and only time will tell. got 14 per on weekly 157s
got 5.25for 146.5 and 4.83 for 140
I also bought 10 UVXY puts 1.2 av for june 2nd 14s and 2.58 for june 16th 15s
keeeping ammo for tommorrow am
spy can look toppy all it wants, with contango this high its a short all day
since no one posts about this cash cow just randomly selling puts on red days and skimming 25-50% profits although today I sold weekly 150 puts when svxy was 148.7 ish and got average of 2.04 per and btc at .4677 average
you short or long ?
Not trying to be contrarian but the prospectus will give you great insight to future PPS as will chart since inception oh and miners heavily debted business model
we are in may /june for uvxy so at current contango (may 16 exp is 8.5%/ june 20 exp 7.72%) x2
uvxy does not track spot but fron 2 month futures
yes u got out last friday after hrs at 145.34 and sold 2 june 145 puts for 8.55 tuesday I believe. Contango here(8.5 % may 16 roll) is the facilitator for me even at market highs and low vix. Note this position is approx 1/15 of my investing capital so I have powder when vix does spike
your not factoring in daily resets and decay
If you have more than 100 please sell call on any spike, I hate to tell you but this will be under 20 again before july 4th
at 6+ percent contango just add short, when we get 4-5% range take some off. vix over 20 short, backwardation short, any uvxy gain 10% with no catylst short
This board is so dead
Whats your average in NUGT ?
tempted to cover my short here nice gain so far
lol my small short position is up nicely thank you. Just look at nugt chart since inception for a better tell of how these leveraged etfs work
I am going to close my short when the bulls on here have lost resolve.
I really want people to make money but seems this would be a hard etf to profit from if your not short
BTC 2 september 15th 122 svxy puts for 123.55/59 from 127.62 sale
all cash now
except for the cold hard facts that gold miners are a debt leverage business and this is a leveraged instrument based on a vector built in with decay.
i have been patiently waiting to initiate a NUGT short. Will do so on any further pop or failed resistance on gold
plays this year
Short uvxy in some capacity(probably selling puts or buying svxy) on any 10% gain
Short uvxy in larger capacity by selling svxy puts and shorting Uvxy
short uvxy aggressively with funds when vix is in backwardation by selling svxy puts, buying uvxy puts buying svxy puts, buying svxy and yes shorting uvxy if available
Sold 2 puts for september expiration strike $122for 27.62 per( on vix future pop last week)
rest is cash
Correct it is front 2 month future vix fund that resets daily with all the beautiful contango your heart desires
well said,
every year I look back not to say shoulda woulda but to hone my strategy for the next
good luck, I got called away 4 contracts already for next week good start to this year