Replies to post #1587 on ProShares Trust Ultra VIX Short Term Futures ETF (UVXY)

[The cook]

Ah, I see... Wasn't thinking of it that way. Contango dragging down futures. I was thinking as expiration would make price move up. I don't trade options yet. Good thing!

[T-R1]

Thanks for all your detailed explanation posts.
I started the SVXY position today just before the close and then added a few AH.
So far about 20% of my SVXY position.

[The cook]

This article really helped me wrap my head around it, I had this futures thing all wrong.... http://m.seekingalpha.com/article/398341