ProShares Trust Ultra VIX Short Term Futures ETF (UVXY)

[T-R1]

I think UVXY is a great daily or even overnight trade right now but like you said, it's a hot potato and you can't buy and hold it without constant monitoring of the market news.

I'm very slowly scaling into SVXY here. So far I'm down about 6% and about 20% of my desired position size. Thought to add last night but it looks like volatility is picking up peace so I'll hold of till EOD to see what happens. The key here is to be patient and very methodical. VIX can go to 2011 levels in case Russia invades (50% SVXY cut would not shock me) and stay at historically high levels for months so no need to rush.

But as always, UVXY will eventually go to all time lows.