gfp: Its the disparity between the potential downside compared to the potential upside. I am comfortable taking on UVXY because I don't see it dropping below $16. And a long overdue market drop could see it temporarily rise to over $60. Market breadth is still abysmal. Valuations are still sky high. The magnificent 7 have been wobbling. The 10 Year Treasury is inching back over $4.60. I'm still at 5K shares of UVXY hoping for further weakness so I can load up the remaining 5K shares with a 16-handle.