ProShares Trust Ultra VIX Short Term Futures ETF (UVXY)

[leopard messiah]

Very helpful, thank you. Your info and thoughts are greatly appreciated.

I continue to hold my full SQQQ position betting on a larger slide. Have a feeling opex week buoyed the market in order to kill as many options as possible, although today’s action was surprising (expected a flatter day, so maybe first assumption is flawed). But the reversals on Wed and Thurs were highly suspect. Market was teetering hard red all week.

The inevitable slide is coming, so will gamble on it occurring now (!) based on my avg price. But admit it will sting if we get the Monday squeeze you expect.

The slow downward pressure is a bit unsettling, tbh. Watching SQQQ slowly tick up day by day feels untenable and just weird :)

If it actually involves systemic risk, the Evergrande situation could be the mini black swan (black duckling?) to force the slide, although it’s evaded the headlines so far. 300B is a lot.

Best of luck, and cheers to a great weekend.