Replies to post #1230 on ProShares Trust Ultra VIX Short Term Futures ETF (UVXY)

[adeezl]

XIV and SVXY are exact mirrors, check the chart. You get more shares for your money on XIV though. The only difference is one's offered by Velocity and the other by Proshares. That and XIV is an ETN and SVXY is an ETF.

[idkmybffjill]

Does this make a little more sense now? This is why volatility products are so enticing. Invest wisely and they can be the closest thing to "long term risk free" on the market. Essentially the only thing that can destroy these funds is a black swan event, in which case we're all screwed. I do recommend monitoring positions daily at a minimum, and ensuring to retain enough available capital to adjust positions as necessary.

Yes, but how many people will time that black swan event perfectly to take advantage of backwardation which is always VERY short lived? I would put my money on the fact that more muppets have lost money going on this long "waiting" for that Black Swan event. You realize if this hits a $100 right now, it would still only be...$10 pre-last reverse split....and $1.60 pre-all splits. Like I said, how many people will get in on the big swing? I'd bet more lose their shirt holding onto it at other times.

[jaydubs]

Stingray, I just read this older post that you wrote and wanted to say thank you for explaining this in a way a NEWBEE like me could make some sence out of this. It would seem to me that UVXY COULD be a very good buy at $11 where it sits now... Would you agree?? I won't bother you again.. Thank you.