ProShares Trust Ultra VIX Short Term Futures ETF (UVXY)

[T-R1]

I don't think it's a trap for few reasons (and correct me if I'm wrong):

1. Already proven that it won't be liquidated in "black swan" scenario because it's an ETF and not ETN.

2. Hard to imagine 2 "black swans" back to back. Although anything is possible I guess.... But hard to imagine LOL.

3. Mathematically it's designed to gain as volatility drops (and it will). Question is how much of a decay will it endure (limit profits)... I'm not that good in this particular topic.

I bought some yesterday around 11.40. Really glad to still see it alive because it's such a great money maker.