Reddit Posts
Is there a way to short volatility without selling options?
Returns on leveraged securities vs non-leveraged (UVIX vs VXX)
Is it smart to buy an ATM LEAP call for SQQQ or UVIX?
Why Now is a Great Time to Go Long UVIX and Make Money
2023-05-04 Wrinkle Brain Plays - In the style of Austin Powers
UVIX Play: Go Balls Deep & Make Money
Just went YOLO call on UVIX for April 14th. Who's with me?
Hypothetical "Volmageddon 2.0" using newly launched $UVIX Etf. ( Swipe right for 1.0 in $UVXY )
$UVIX 🎄 I like it for the market panic. What's not to like about it?
Chances for a UVIX 2x run up ahead - be on the look out for bad news.
Down 63k in the past month on UVIX (2X leveraged VIX etf)
Last Friday UVIX calls @15 exp 7/15 sold on 7/13 and then some tesla puts @715 exp 7/15 sold on evening of 7/13
My Plan for Intergenerational Wealth : UVIX ---> SVXY ---> SPY ---> Real Estate
IMPP and RDBX where good bearish bets for the start of this month. Closed my position for big gains. ( over 20% IMPP and over 40% RDBX) not to mention the 50% gain with UVIX. Market is very low now and I don’t feel like being bearish at those prices. I’m BULLISH ON BOIL
Bull trap confirmed. Positions: UVIX @ 17.74/share. Held over the weekend. I do indeed, belong here.
Thoughts on the UVIX and the SVIX??
UVIX soared nearly 40% on the day! An investor's "dream" return, what other investment would have such a return?
UVXY :drakeno: UVIX :drakeyes: UVXY is BACK!
Mentions
When are we jumping back into UVIX boys?
UVIX printing thanks to my beloved orange guy
Yes. Liquidated any long dated options in January. Put $50k in treasury notes. Bought 1000 shares of UVIX X $27 basis. Sold half at ~$90. Been selling options on them collecting about $1500 premium / week. Got assigned for 200 shares at $56. DCAing into my long term holds as the opportunities arise. Sitting on 300 shares UVIX now selling options each week on the way down if this is the true cooling. If not I’ll buy more and do it again. The entire world was telling you volatility was coming. And you kids didn’t think to play the volatility index? I’ve never been served over $80,000 so easily in my life. Besides the GME collapse. I’m putting my grandchildren through college on that whole period. And that little blip you all did like a year ago.
Got lucky with that UVIX. Would never go long those VIX products
UVIX, UVXY, SQQQ, SOXS—aging in reverse like Benjamin Button, but instead of growing stronger, they just keep shrinking. Their price erodes, reverse splits come like clockwork, and yet traders chase them, hoping this time will be different. They start fresh with a higher price, only to tumble once again, a cycle as inevitable as time itself—but in their case, time runs backward.
I hear you dude. I did well in UVIX on the first drop. sold.. sold actually 1.5 minutes before orange man announced the pause. Bought back in a while ago.. Been holding like a mofo. but down a lot!
I trade based on the VIX mostly. That and Earnings ... mostly. I also like these: UVIX and UVXY.
For those too hesitant on options right now, UVIX is a good buy for the shit storm that’s about to hit next week. Thank me later
Buying some UVIX calls tomorrow with some of my MSTR profits
omg. UVIX set positions everywhere? I can't even believe these are filling
OMG I'm almost chocking on myself with these UVIX set positions. Freaking thing is going to make every daytrader rich. Market has officially gone bonkers.
I bought UVIX at $44 with a stop limit order to sell at $42 in case we have a new rug pull from Trump. I will keep adjusting the stop limit if it grows.
I bought UVIX calls. Am I retarded?
The VIX is too damn low. UVIX, welcome to the portfolio again.
UVIX feels like a good play
you can buy UVIX etf. no theta or expiration worries.
Does anyone have access a VIX or UVIX Quote rn
I have UVIX calls and also TSLA calls Ideally both will print
I got TSLA and UVIX calls IF NEITHER OF THEM PRINT IM FUCKED
No kidding. Generally, 90% of the code the average developer writes is bunk. Very few are good at what they do. I am guessing most got their degrees from participating in a lot of group. Regarding the market, I did very well recently. Knowing the current administration was going to be disruptive I sold my green tickers and bought UVIX. Sold calls on that until the tariff talks started and sold UVIX at the high. Turned around and bought quality tickets while they were on fire sale - a lot of tech. Now Im living on selling covered calls on those.
I see you sir are a gambler like myself, bought the dip in UVIX. Let's et rich monday!.. or see you at wendy's
vix is cheap rn, i'm slowly buying up $UVIX (2x vix etfs). On green days like today, it's down like 4-8%, but on a -3% day, it could jump 20-25%.
UVIX calls every morning and then buy calls
nah bought some 2x inverse tesla (TSLZ) and 3x inverse semis (SOXS) and some 2x VIX futes (UVIX)
Buying up some UVIX calls tomorrow
When you buy calls, buy some UVIX calls to hedge
Playing UPRO, TQQQ, UVIX and SVIX feels like cheating sometimes
that's a bet volatility will go up. just buy UVIX, it's faster
$UVIX only down 10% kinda surprising. Vix been really strange. Kinda unclear whether we'll actually pull back off 540 too, probably the most likely though so some kinda short play to be had.
Just like anything, it really depends on what you're buying. I’ve got about 10% of my portfolio in the following LEAPS: GDX, GDXJ, GLD, SIL, URA, UVXY, and UVIX. As you can see, these are all ETFs — not individual companies. If we’re heading into a major downturn, I think these positions could be beneficial when money starts flowing out of the broader stock market and into safe-haven assets. Just my two cents.
Is there any chance that UVIX will lower to 46 by next Friday? I don't want to go bankrupt again
Using UVIX and SVIX for hedging has been working the past few weeks
Glad I'm holding UVXY and UVIX calls expiring next week.
I will be doing the same! UVIX and SVIX have been great the past couple of weeks
My UVIX calls shall print even more tomorrow 
It was a good fuckin day to buy UVIX. Knew mango couldn’t let VIX hang below 30.
The 25k limit is a moot point and arbitary these days. Either you can daytrade profitably, in which case, the limit doesnt matter or you cant in which case it might as well be infinite. The real issue is everything else about the PDT rules. Summary: 1. The rule is 20 years old and the tech these days allows for it to be handled much better. There were technical limitations that no longer exist resulting in far less then ideal handling of it. This is 2. 4 round trips in 5 days is a poor definition of "pattern day trading" as it can affect people who are not day trading. If you place 4 GTC buy and sell orders at different limits and they all fill in the same day you will get PDT flagged even if you never intended them to fill that day. As "proof" that it's a poor definition, larger firms get several thousand calls a week about the PDT rule. 3. The 90 day ban on trading if you get flagged as PDT makes no sense. It can be simply "90 day prevention of any trade that would result in a day trade". In the past, there was technical limitations that made this impossible for brokers. 4. Speaking of technical limitations, daytrade buying power also uses the previous day rather than a dynamic calculation as a result 20 year old technical limits that no longer exist. 5. A lot of the risk of day trading actually comes in whst % of your portfolio you are risking for each day trade, but that isn't considered at all. 6. Brokers can do some extremely advance risk analysis these days to determine how risky your day trading actually is. This means brokers can shut down extremely risky stuff. Honestly I'd rather allow any size account to day trade as long as suitable risk management measures are in place. IE: Disallow daytrading for the time period if the account has lost more than X% in day/week/month/year. The prop trading company challenges are a good example of this. Actually I'd argue brokers should require users to be able to pass some kind of daytrading challenge in order to day trade regardless of account size. Prove that you can be a profitable day trader before the broker allows you to take on the risk. People go broke on accounts well over $25k so the current PDT rules are not good enough. Some more details The real issue is how you get flagged as a PDT is not well done in that it affects everyone with a margin account and not just those who want to day trade. There is also more than one kind of daytrading but the PDT rule targets all of them, including those that are relatively low risk. People get around the PDT rule by swing trading across multiple days but the existance of the PDT rules actually increase the risk to swing trading as positions can't be closed out the day they are opened without using up a round trip. A relevant example: A way to offset risk for YM is to swing trade UVIX. If UVIX goes up too much, sell some and maybe buy more YM, if it goes down buy more UVIX. This can offset a fair bit of the downside of YM funds. $5k worth of MSTY can yield $500 a month which is another $6k a year. Daily swing trading VIX via grid trading (say 4 buy orders and 4 sell orders) could possibly double that even if you only use 25% VIX. But if those orders get filled in the wrong way you can end up flagged.
Using UVIX has been awesome with hedging
Don’t trust the indexes, but this volatility is way to goddamn low for a mango market. UVIX welcome to the portfolio!
Instructions unclear, buying UVIX.
Decent profit today just switching between SVIX and UVIX
I decided to sell TSLZ at 40% loss since I bought at the bottom a month ago. I am planning to go all into UVIX puts and I can make up the loss in a day or two, but the market decides to crash but it probably won't . Tesslur isn't moving in the short term and I don't have patience to do wait any longer. Being a bear sucks ass cuz these stupid stonks just want to pump
They are awfully high (if you’re talking UXVY, UVIX, TSLX, etc). I have some but they drop frequently. They were really high after liberation day and have been dropping ever since the pause. The china tariff confusion is keeping them somewhat elevated. I will wait until the news about china’s tariffs clears and then DCA them during the 90 day pause. I know that new news is coming out and bond markets are going a little crazy so they could cause spikes. So i don’t know.
Was it yesterday or the day before that some bitcoin bro was going to put $100k into UVIX? RIP.
Just VIX? Not UVIX, VIXY, VIXM etc?
While I regretted not getting into UVIX again for Liberation day, its honestly so dangerous and unpredictable right now. Its like riding a unicycle on a tightrope on top of a shark pit. I think holding cash right now until things calm down is the way, with limited quick swings when good setups appear. Better to be patient and wait for an easier market than try to win on Elden Ring difficulty
Just when I was worried my UVIX play was gonna fail 🥭 comes in clutch.
Yeah I hold both VIX calls and some UVIX because if anything goes terribly wrong I can trade after hours with it. I think holding some level of well OTM VIX derivatives is never a bad thing with the current state of the Oval Office.
But right now it's sideways and elevated. UVIX, SVIX? Historically you should be shorting the vix at this level but hard to know what to do when history is being decided daily out of thin air.
Just say you froze up. All this hand-waving about tariffs and insider trades. Same shit different hat. Your post boils down to “I saw volatility coming and had no idea how to make a dime. So I’m leaving. Why are you losers staying?”. Greed or failure? That’s your question? No third option? How about the fact that the market handed you a gift. That gift is certainty. Certainty in uncertainty. Certainty in volatility. Because, well, it’s certainly uncertain isn’t it? Ever hear of long straddles? Spreads? Inverse ETFs? UVIX was screaming, premiums were fat, and anyone with half a brain was selling covered calls, buying puts, or riding the VIX curve. Also ever hear of gold? It’s this metal we have that historically pumps during periods of economic uncertainty. Seeing as how we were heading into a certainly uncertain time, one might have been smart enough to buy some physical bullion. Or hell been buying it all along for periods like this so they don’t piss their Snuggie when times get volatile. All of these plays were available, quite literally via your phone, at your finger tips. And you froze. You’re out here blaming the terrain when you don’t even know how to shift gears. These are investment vehicles. If you can’t drive during a storm, park it and stop posting like the weather’s the problem.
Would a $UVIX put performance better? Maybe too much Vega loss wouldn’t be worth the risk?
I’m about 85% cash and have moved my money into FLCA, FLEE, investments like that. I’m still holding AAPL and NVDA because I came in so low on those, and I’m daily hedging UVIX and SVXY with the market craziness. None of this makes any sense. And I still don’t know exactly what tariffs are where so who knows what’s going on. Is he working on what? What is his end goal? (Besides making money hand over fist)
Securities that move closer relatively to the underlying value i.e. any normal major stock or index. Even shorting SPY via options probably would have had a better net return if he went 6 months out and paid the premiums. This play is basically a bet on volatility itself, using a volatile asset in of its own. UVIX/UVXY is a fund that is supposed to track volatility close to the VIX indicator, but these leveraged funds already are subject to short-term action on themselves (outside of VIX), so the fund just stacks volatility on volatility making it incredibly risky. The time decay will eat you if you try to go long on funds meant for short-term trading, most of the time. It ate this guy for a long time until it finally turned around. I tried this \~4 years ago around the COVID election, and the time decay took away any gain the volatility did bring when VIX shot up. I didn't have nearly as much invested as this guy though, so it was not as near anxiety inducing as it was for him clearly. Basically compare UVIX/UVXY to actual VIX on a chart and you will see the differences.
Dude, open a futures account. You can do the same thing with way less risk and not deal with UVIX’s insane cost structure. Same goes for your new leveraged positions. With the amount of money you now have you should be trading futures, not giving away endless money to ETF managers.
Thanks! I always knew it decayed based on past charts but I didn't quite realize the severity until I saw that VIX was around 60 recently and UVIX was only around 100 still instead of the 200 it was on August.
Bro, you won big, and had a great strategy and great resolve. You got nothing to prove to these retards with those gainz! Great strat man, I also had UVIX on my watch list but I had other reasons for not taking the play. Congrats man!!
You just got incredibly lucky. All the reasons you bought UVIX were not the reasons for the crash but go ahead and believe you accurately read/predicted the market.
Isn’t UVIX subject to decay? How did you manage that risk over that time period?
You could’ve made shed loads of money on the post election run up, and pivoted to UVIX on the tariff news and gained like 100% more
Going from UVIX which is a contango nightmare to TQQQ is like packing it in at casino bingo and heading over to craps.
If UVIX goes <71 again I’m putting the house on it
I’ve been day trading UVIX, buy at low 70s and sell at mid 70s ¯\_(ツ)_/¯
Short term, sure it’s risky. Long term it’s a lot less risky- just look at a five year chart on each and you’ll see products like UVIX experience extreme decay. TQQQ doesn’t experience the same deterioration. That deterioration, by the way, is what made this a really harebrained idea and I doubt OP fully respected the decay when he initially bought.
Is UVIX liquid with this amount of shares?
Why not short UVIX? When you sold it.
Is it too regard to buy UVIX at open and sell at close ?
Just curious on your rationale for shoving all in on UVIX immediately following the election rather than waiting until closer to inauguration?
Agreed - it's been one of the most volatile markets in decades and a huge risky UVIX bet only made a 60% return? I thought I was going to read about 7 fig gainz at the end.
UVIX is one of those short term holdings. Not for 6 months of holding due to high volatility.
Do you really think the guy yoloing his entire portfolio into UVIX has a retirement plan?!
You cashed out on the initial drop using a leveraged ETF that spikes wildly when volatility spikes, under the theory that the economy will be in shambles (with fairly flawed logic to back it up). The economy is really not in shambles at all yet--you cashed in on the volatility spike of the market's shock in adjusting its expectations to the reality of Trump, and none of the underlying conditions you pointed out to support your original thesis have changed. Your logic makes no sense, but neither does holding UVIX for 6 months. But hey, it's your money to lose.
I think the point is UVIX is kind of a terrible instrument to use for this type of thing. I would've used futures, shorted 10 eminis for 150k of margin, 200pt stop is ~100k loss. Plus 1256 tax treatment, etc. SPX options same idea.
You weren't "somewhat" lucky, this was a lot of luck that mango was actually retarded enough to not only implement the tariffs but also that he did so in the way he did. UVIX isnt meant for long holds like this. I remember people getting melted on this some years back and I also got saved ince when I held a little too long. Congrats though.
Why not just buy VIX futures yourself? UVIX and similar types of products are mechanically unsound. The products are trash. Everyone knows this..
this mf gambling 400k from his outdated android tablet on UVIX
In hindsight, I should have. But I just like having agency over my trade and wouldn't want the stock to sell on a whim if there was no reason for UVIX to fall back down. In this case, the tariff was lifted, so I don't think the market will get that much worse at that point and immediately pulled out.
I held onto 1000 shares of UVIX and unloaded 750 this week. First time I tried this. It’s been wild
That guy who ported UVIX for 6 months said so. I'm definitely using that guy's advice lmao
yea i know but im saying on days like today, UVIX rallied crazy while SVIX didn't go crazy up!
yea ikr and the thing is even with the rally that happened yesterday, it didnt shoot up 40-50% like UVIX?
Guess I'm a finance dork because that was a story well told. Like watching the scene on All Quiet on the Western front from the German trenches as the French tanks ground on. At what point did you realize that UVIX decays?
You bought UVIX on the fundamentals that the market was a bubble and about to pop, and you believe it already did and the worst is over?
since that guy exited his UVIX position.. maybe UVIX is the play
I’ve just been going back and forth with UVIX SVIX and SVOL
Went full port on VIX, but if I had known the market would go down this much, I would have gone for UVIX instead
UVIX calls the way??
SVIX now into UVIX play xdd!
Yeah I think my bonehead sale of $50 UVIX purchased at $100 may have contributed to that transfer. I think my Continuum Mechanics textbook is missing the chapter on stock trading
Jarvis, load me up on UVIX