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Re: 37thirtyseven37 post# 648

Wednesday, 10/25/2017 11:59:10 AM

Wednesday, October 25, 2017 11:59:10 AM

Post# of 906
37

Who knows. That is why I would never buy Uvxy. SVXY can at least move up for a very long time.

If you buy SVXY on a vix spike and Vix goes higher you can survive.

If you buy Uvxy because vix is low you can be wrong a very long time.

To answer a previous question. I have traded options a very long time but I am no expert. Mostly sold out of the money covered calls at prices I would sell anyway and sell puts at prices I would buy.

The cost of options on SVXY and Uvxy is a big hurdle and because of the risk I would never sell except covered calls but its not worth it. These are like options already.

Toofuzzy

Take the road less traveled. It will make all the difference.