The UVXY is fear based. There is no fear in the Market at the moment. Everyone is Rah Rah the Vaccine etc. you have to look at the underlying conditions that will cause fear and panic. It’s more 3-6 weeks out. Maybe 8-12 weeks out. Not now.
The problems are there just being masked at the moment. Just like the housing Market. Forbearance is preventing evictions and Foreclosures to show up in the numbers. That ends next month unless you file for an extension. When all that starts hitting your gonna see what has been lurking in the Dark. For now it’s buy longer term cheap and just avoid the UVXY or take your loses and let your options expire.
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