Replies to post #9648 on ProShares Trust Ultra VIX Short Term Futures ETF (UVXY)

[beachcomber1]

Yes, I do agree. I am willing to double down, as I never got my full position last week. The order almost filled EOD. I wish I went out farther. We'll see.

The correlation was rather odd between the SPY UVXY TLT & /GL today. I'm hoping it back to "normal" this week, assuming the markets keep an up trend.

[kid biscuit]

Well, she sure lived up to her true nature today...Crrazy Volatile, unpredictable UVXY :)

[Marketwise]

And sure enough that will happen today. After hitting to 20d SMA earlier in the week will see a sharp climb above that MA. I would be using longer time periods now in the option trade. There is a risk of a significant and overdue correction happening soon, imo.