[quote=SK in CV][quote=ltsdd]I bought UVXY and didn’t unload it at the end of the day….I might be in a world of hurt come Monday.[/quote]
VIX is at it’s lowest weekly close in more than 3 years. I got into UVXY again yesterday too. VIX has to go up eventually. Just a matter of whether the theta of the leverage kills me first. It’s been brutal the last few months. It’s lost almost 60% since it’s reverse split less than 5 months ago. Can’t hold it too long.[/quote]
I think if you can weather the near-term downtrend you might be royally rewarded (on second thought, UVXY has been on this perpetual downtrend since it was created). I bought it today hoping for a nice little bounce that never came…and got carried away at a luncheon that I missed the closing bell by 7 minutes…oh well.
