Replies to post #2172 on ProShares Trust Ultra VIX Short Term Futures ETF (UVXY)

[T-R1]

Excellent trade. I tend to do the same with UVXY.... quick trades.
Sure, you can miss on huge gains if it spikes but IMO it's safer to use options for this because most of the time UVXY tanks, not spikes.
Since I'm not good with options, I tend to stay away and just do what works best for me.... quick UVXY trades and longer holds on SVXY.