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
$UVIX + covered calls been doing me good. I've actually done pretty well trading vix historically. Literally just buy low sell high after a pop. Don't need to worry about fundamentals cause it ain't a stock.
Options on UVIX is probably the most degen trade you can make
Someone help. I understand leveraged ETFs and shit, but what I don’t understand is what UVIX is tracking. It doesn’t give daily 2x VIX but VIX futures, but what the fuck if the ticker for VIX futures. Is VXX the closest/one of the correct VIX futures it essentially tracks.
I need that bitch ass UVIX to pump. I am about to be a generational bag holder of 300 shares at $16 by EOW. 😭
Ok, well UVIX tracks the front two VIX futures contracts, not spot vix. And I mean, if you're correct you're going to make more being long calls/long vol vs short puts/short vol on UVIX. If you're not willing to pay up, don't do it. Just wait until after FOMC.
[How Does Volatility Shares’ 2X UVIX Work? | Six Figure Investing](https://www.sixfigureinvesting.com/2022/02/how-does-volatility-shares-2x-uvix-work/) Summary of UVIX
Selling an option isn't income. And I'm confused, your thesis is that things are going to be "ugly" this week after FOMC. That is the time to be long vol, if that's what you want to do. The key issue to getting assigned on a long vol etp is the product isn't made to be held for a long time, especially being long something like UVIX. It says it in the prospectus. You'd be taking assignment on shares for a product that you're going to lose money on if you plan to hold it for a decent amount of time.
Selling puts on UVIX looks tempting because the premium is fat, but you need to understand why it is fat. UVIX is not a normal stock. It bleeds value over time because of VIX futures contango, reverse splits, and constant rebalancing. Long term it trends toward zero, and particularly these days when the contango in VX is so pronounced. The one time it does make sense is when vol is spiking. In those moments, vol of vol is through the roof, IV collapses just as fast as spot can retrace, and short puts get paid nicely even if UVIX only drifts sideways or down. It can be a good offset to pain elsewhere in your book when you are short vol or long stock in a market event. But outside of those windows, short puts in UVIX are just long stock exposure in a product designed to die slowly. You will either get assigned and own a melting ice cube, or bleed premium trying to harvest. And if you do not balance it with a short call (straddle/strangle), the downside gets ugly. Quickly. Good luck.
Thank you for your perspective, I am triggered to explain more. 1. From chart, i am comfortable to get assignment at $10. This seems to be nearing bottom per RSI as well. 2. YTD, UVIX is only below 20 since July & I dont see any reason why it wont spike up with so many international politics ongoing with USA. let's just say I am a cheapo, greedy for the upfront premiums as a bait. I quite convinced myself it will move to 20 by end 2025, this is potential 2x within 3-4 months.
What maturities would you sell? the VIX pretty much always mean reverts back down after a spike... With Vol plays I've only ever done spot on the ETFs never options. Back in April when the VIX was elevated I went long UVIX, made about 90% in a few weeks and then closed and immediately went long SVIX at around the end of April, just hit the bid on that position this morning for another 90% gain (rode the mean reversion wave down) Selling puts over that period would NOT have worked out well... Just for some perspective
Look at UVIX all time chart. It always goes down over time.
Ohh and UVIX and UVXY. Great products to sell calls on.
Coffee and contemplate how long I am willing to hold onto my decaying UVIX
Godspeed. Hope it goes up for you, for all of us. Need some volatility. I've 0 ownership of $UVIX shares, for now. Selling cash secured puts and rolling options biweekly to lower strike price. Holding strong
Believe it or not, UVIX calls. I’m buying a handful to ENSURE that my wrongness means my larger bullish investments do well. 😂 👌🏻
Heavily invested in $UVIX calls, desperately need the spy to go back to flat on the day.
UVIX, let's be realistic. The economy is holding on by a thread. This thing pops every 4 to 6 months on news of a black swan.
DCA 200K over 12 months and keep 100K in dry powder to hedge losses (UVIX, etc) if economy tanks.
I sold puts on UVIX $16 about a month ago. That shit is going to the gutters. 😭I just hope they don’t do a reverse split and fuck me sideways. Either way…I am gonna be a bag holder. 🤡
UVIX October calls still look appetizing
And UVIX is a great way to do so. But like Michael Burry opening his short position about 3 years too early, I’m also WAY too early to this party sigh
Japanese stuff, I’m not interested in - my interest is UVIX. The last time Japan had hand-wringing hissy fit, the U.S. market had a huge panic spike thanks to fears of a yen carry trade unwind. UVIX spiked over 300% in a day. I’m sitting on UVIX (only thing really red in my otherwise green portfolio) and I’m waiting for a nice panic spike, but I’ll probably be waiting a while. You can never know what the next black swan is
Nothing is the right price right now except UVIX. I am thinking of getting a little bit. Does this mean I am a ber? What should I do
I have UVIX calls for a week out wish my luck
Diamond hand those UVIX calls retards, you've earned em.
UVIX near all time lows again. Yet, it’s still overvalued. The question, is if 16 VIX is low if there are rate cuts, tax cuts, and less tariff uncertainty. I would argue not really, 16 is about right. The problem with UVIX is that it doesn’t hold 16 VIX but 19, so I would actually expect VIX to fall to less than 15, and UVIX held futures to eventually fall to 16. Since UVIX is 2x leveraged it still has 40% or more to fall, in a few months.
Aaand this is why you'll never see that 20% dip... The market makers know you're sitting on that cash or holding puts for a rainy day or just full porting UVIX. They're not planning on giving you the opportunity as long as they know you're poised and ready to take it.
What's your strike and expiration on the UVIX calls?
Good deal - but I'm curious as to the current value proposition of UVIX calls, vs. SVIX puts. The puts look cheaper to me, and they've been VERY good to me, but I could be missing something ...
is stupid UVIX ever gonna go back up?
Made 3.5k today off META/QQQ puts and UVIX
This was the most anticlimactic bullshit in history. 2am here. I am holding my UVIX. Good fucking night
OMFG. fuck this guy. It's 1:40am here. I need to be awake to sell my UVIX if this shit pumps. GET ON WITH IT FFS
Bought $20k of UVIX @$11.75 last week. Feelin alright
My UVIX is printing rn. Making up for all the money I lost on TSLZ lol
Why is UVIX up so much less than VIX? I dont understand this instrument at all.
I knew UVIX at $11 had to be free money But I also told myself that when it was $23 and got SMOKED
I was looking at UVIX calls but I think I like calls of SPXU a little better. Can anyone speak to this ?
Imagine if I held onto my 300 shares of UVIX at cost basis 11.58. I'd be cooking rn. Instead I am being cooked. Jk I only have a China ETF, a couple small caps, and gold miners ETF in my port right now so I'm ight
Closed the SPXS/UVIX/VXX shares pre market, will close the puts at open It's nice when your day is done before it technically starts
Also, I had a better stomach to the lows this year, most recently, and not to sell, and plug my nose every now and then and buy when others were selling. Which my margin would be up anyways at that point. Gotta grab some deals! It helps owning VXX UVXY UVIX at that time, and then switch to SVXY SVIZ ZIV. Made some profits. ZiV is an interesting one. Pays about 24% dividend equally distributed to each month. I'm not up on that one. Or on IIPR. I've owned that one for a while, just like AEM.
Should I buy $UVIX in 24h market? Will the market crash tomorrow?
Loaded UVIX calls? Same here. Let’s either print or cry together this month.
Fuck it. Going to DCA in to leap puts on UVIX. I keep telling myself I’m going to do it, don’t do it, check the options tree and seeing another 80% gain I’m not a part of.
It's because all the bers are dead, and the balance of the WSB ecosystem is destroyed. I had to buy 15k puts and 10k UVIX just to try and heal it. I will BECOME the ber, not the ber you deserve, but the ber you needed
This, trading UVIX doesn't even work. Would rather wait for panic and buy SQQQ
Don't care what VIX does because UVIX doesn't care either. VIX up 8% ? UVIX down 2% Fuck that shit
Tell me you have $UVXY $UVIX shares without telling me
I bought 10 UVIX LEAPs a month ago and it had bled 20-30% since then. I am just going to hold onto them at this point since entry expire in 01/15/2027. Maybe they expire worthless, or maybe this market starts to crack somewhere.
Every day I make 3%-4% just by shorting UVIX and UVXY on the after-market and covering by lunch on the next day. Trading shouldn't be that easy!
Have you guys heard of the ticker UVIX? It's a scam. (Fake+gay with daily decay)
I WANT MORE FEAR AND BLOOD FOR THE BLOOD GOD (I have a bunch of shares of UVIX I'd like to cash in)
Probably going to regret this but adding to my SPXS/VXX/UVIX position 30% in on that, 70% cash still
It’s not the same, SQQQ decays slower in general. If you pick UVIX perfectly the day before the market nukes it often times does better, But if you’re holding more than a week… risk/reward favors SQQQ imo
I'll also be all in on UVIX shares if it hits 13 lmao. At least you won't lose money alone
Talk me out of going all in on UVIX shares with adds when VIX hits 13 and 12
I've sold all of my SPY and kept buying into UVIX, I'm now at $20 cost basis, down 380k 😬 I think we're genuinely heading into a recession with a 20% market pullback at this point (worse than liberation day), it's being way too unreasonable given all of the bad news. I'm not too sure when though, Powell is too much of a pussy to just let the market pullback happen, so it's probably not happening in the next month either...
I must say i've already started buying for full disclosure but the price today is even better than what I got in for so I will keep adding to it . I like the stock UVIX
UVXY/UVIX are tough because they bleed so fast, it's more like buying a lottery ticket than a hedge. There are much more strategic ways to capitalize on volatility with less risk using options.
I must disclose i'm doing the same. I'Ve bought UVXY and UVIX as hedges
Hedge funds are pouring money into Shorts on UVXY/UVIX but if people start buying it I think its headed for a short squeeze.
This is exactly what I'm thinking I will keep buying UVXY/UVIX
I don’t think AI, crypto, or layoffs will make VIX pop…AI is a positive catalyst for the market and crypto is just “an accessory” to stock market.. Presidency giving extensions to tariffs just makes the market more complacent and there was a bunch of cash sitting on the sidelines… Some things that could make VIX/ UVIX/UVXY pop would be any changed in Treasury policy… Rate Pause is even priced in at the point… Maybe a rate HIKE which as we all know probably won’t happen… Labor market? Inflation doesn’t matter anymore… CPI/PPI… War is not our problem anymore.. Be careful. I am sitting at a pretty big loss.. about 3 months back I was thinking “ATH..? No chance”… but now we are sitting up +10% YTD while VIX crushed.
How bad is it right now? I am down -33% on UVIX which a small +15% VIX spike would clear right up.. Unfortunately, the monthly rolling is destroying us while market is stuck in 6 month green streak.. What the Fu*k will have to take place macro… to have a -5-10% pull back… ATM euphoria is so high that even if the market was to pull back down 3-4% only thing that will happen is Spot VIX 14.4 will catch up to M1/M2 16.7 and UVIX/UVXY will be cheated out of any meaningful gains…. Once NQs break W8 or even if we ever touch W20 we can make some headway… good luck guys
UVIX is pushed around more by MM and options than the underlying. Dump it and everything related to it. Even seeking alpha had an article on how it was "broken" by option interesting being profitable enough to push around the fucking funds
Instead of selling my 646c earlier, I bought a UVIX 12c to hedge. Wonder how screwed I am.
I got a shit ton of SQQQ calls for cheap and 200 shares of UVIX under 12 to hedge my NVDA. If we 1929 crash after NVDA earnings, I'm gonna be like that Big Short Michael Barry guy or whatever the fuck his name is
Wow UVIX acting surprisingly not-scammy for once. Nice
I feel like I'm gonna regret not funneling more money into VXX/UVIX while VIX is below 15
When UVIX reverse split again
Got UVIX calls locked and loaded
10k shares of UVIX and 5k shares of UVXY
UVIX is fuckin broken or something man fuck that shit
So tempted to buy UVIX calls and hope mango man does some regarded shit
I'm think it's be awesome to sell cc's on UVIX lol since it's super cheap now, i have no idea what premium it'd pay though.
UVIX is a 2x leveraged derivative of VIX Long futures which are a derivative of VIX which is a derivative of futures markets, which are derivatives of their underlying indexes, which are derivatives of their component stocks. So it's a derivative of a derivative of a derivative of a derivative of a derivative.
This work out for you? My UVIX calls I bought are shit atm after I held firm on my TP that proved $0.06 too high this week, but sitting pretty on the covered calls I sold. Would prefer the itm assignment though and take the 30% return for the month lol
Yeah it's normally in contango but the degree is causing it to be pulled down at a higher degree and making it less responsive to moving up that normal? is what I read. I'm admittedly not a futures guy so I don't really understand the how/why UVIX decoupling issue, but there was a day this week VIX went up 2% and UVIX went down 6%, that I saw myself.
VIX is in contango and functionally broken bc of liberation day being a 2 day event and the rapid rally afterwards. Even seeking alpha wrote an article about it, and how UVIX is decoupled from VIX via options pressure
Full port UVIX was NOT the move this morning lads. Praying we just keep rallying and SVIX gets me back to breakeven 😂
If JPow isn’t super hawkish they’re gonna send UVIX to zero
0dte UVIX $15c at open gotta be the play right?
How does one look at VIX and UVIX and say to themselves “yeah, these are totally not rigged and a great place to park some money as a hedge”?
UVIX is broken, option interest made it more financially advantageous to manipulate the ETF through puts and shorts, and is a bigger influence than the actual underlying FDs. There was a seeking alpha article about it. It *should* spring back if MM fuck off and leave it alone. But like yesterday VIX was up 4% and UVIX was down 2%. BUYER BEWARE for sure.
Will my small UVIX call play hit tomorrow when JPOW talks? Most likely not, but who cares
Is UVIX tomorrow a ridiculous idea?
It was 77%. But I think it’s not happening. Trump is now having the DOJ try to get rid of another fed governor. Jerome Powell isn’t going to be bullied by this and is going to stick to needing more data and probably allude to the fed losing independence. UVIX will moon.
lol, I’ve been holding UVIX from 23 to now- it’s been unpleasant :(