Are you kidding? Between now and October there is major bank to be made by scalping. After all it is a volatility 3X ETF and meant to be traded. Just compound the green and don't be greedy all at once. Trade the signs and ignore the noise. It adds up quickly. Pigs get slaughtered.
If you really believe your statement, you can trade UVXY puts. And do it that way. Can't make any green on the sidelines.