Replies to post #9632 on ProShares Trust Ultra VIX Short Term Futures ETF (UVXY)

[Marketwise]

The only way very short term option players could get clipped is if we have a decent and much warranted market correction. I really don't see one coming any time soon but that certainly does not preclude the scenario from unfolding in the near term.

[beachcomber1]

It seems hard to even imagine a correction near term. Markets seem very bullish on Trump's Tax Reforms. I think UVXY rolls into the teens this week. That's fine by me. My 22 puts are finally catching a bid.

[kid biscuit]

UVXY is one piece of work. The guys that run it brag up how they turn a profit of of a couple hundred mill a year. I would pay 10,000 to have the software they use to control the ship. Once I was in the money on some calls along with a thousand others at 10 minutes till close. The market went up almost 50 points in that period of time. As I was getting ready to exercise them they slammed em to the pavement, knocked em out of the money. So, I just kept watching them after the close they ran the price back up, So I shorted 100,000 thousand shares for my calls about 10 minutes after the bell. Got my cash on Monday. You have to play hardball with these folks. For example you might even have a good chance of making money buying the 20 put that expires today and find they go green 10 minutes after the close. Its a calculated gamble, but heck so is all of life.