ProShares Trust Ultra VIX Short Term Futures ETF (UVXY)

[gumbie05]

I’ve been building a short position this quarter in the SPY where my dollar cost avg is around 511.96 which means I’m down a bit but I knew going in that catching the very top was never going to be realistic during exuberance times like this which I’ve seen three times before in the past 25 years. My thinking is (was) that this quarter, going into an election, plus a whole host of other factors would push these markets to new highs but the question is how high. I’ve got plenty of powder left since each entry point are (were) very small and I’ll avg higher prices by placing slightly more amounts with each aggressive new highs. It’s definitely not for the faint of heart but this is a position for the next nine months or longer if this cycle plays out like the others before it. We’ll see…

- JMHO