Replies to post #263348 on Option Millionaires

[ced70]

its because its a 3X bear and under normal circumstances would decline 90-95% a year. so its natural line right now is around 50 or below. its 3 times that so the put premiums are jacked. it could drop $40 in 2 days easy if china rallied 2 days in a row. its similar to uvxy except china.