ProShares Trust Ultra VIX Short Term Futures ETF (UVXY)

[37thirtyseven37]

Ohh I meant 10% drop in the market SP500. Which would then translate to roughly another 3x move in UVXY.

Yeah still could move 20-40% easily in UVXY as a trade swing in and out within a week. Which is probably what you are doing?

Which you do have in your favor the fact that the amount of shares UVXY has in circulation has drastically fallen due to the number of reverse splits, 8 if I’m not mistaken.. People might also hang on to them for dear life and up it flys.