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
bought more Monday. the market just took them out back and shot them. thank god for UVXY and UVIX hedges
risky, and I don’t recommend but I’ve been timing UVIX, UVXY, SPXU, and even BITI for hedging against BTC I don’t hold for long, place stop losses (which unfortunately often just gets wiped out before changes direction) and I’ve been experimenting with buying stop orders at certain percentages kind of messy work but so far, it’s helped with stocks (not so much with crypto due to how fast/volatile)
I’ve got all eyes on UVIX. May be my only hedge.
I’ve got all eyes on UVIX and a position started. May dedicate most of my trading port to it if the run continues.
I have UVIX so I welcome the volatility.
Puts on UVIX after 🥭's speech
bought puts on UVIX, too much overreaction in a single day.
buy calls on UVIX dont be a pussy
I’ve been in UVIX for 2 weeks now it’s free money with how much he’s tweeting lately
I just have a position (UVIX) to stay long on volatility. You can actually buy shares and avoid being like the highly regarded fast food workers here, blowing money on weeklies and 0DTEs lmayo
Brother I traded like a ghey bare for 7 years straight. Gotta trade the market sentiment man… but keep the ghey bare tingly sensation and always keep 100 shares of UVIX and UVXY on standby
UVIX = 3X leveraged VIX. Aims to go up or down 3X whatever VIX does SVIX = double leveraged opposite of VIX. I’m personally in $20k of UVIX. I think there more volatility ahead even though the market is up today
Just buy UVIX if you're so scared
Why don't you just use UVIX or buy some quick VIX calls?
Got my avg down to 12.05 on 62k. Started selling today. 12.40, then sold 12.50. Then took a look after hours and sold my remaining at 13.10-20 area. P&L swung from about -160k at the lows, to +193k. Walked away just over +$40k on the trade. What a ride. I do think there’s room to run here, but I couldn’t walk away from a $193k swing today. Locked it up. Can probably find me selling UVIX puts next week on the way up. 🫡 . Hope you get paid ✌🏼
$UVIX detected that shit last week.
I bought UVIX while you bought TSLA up 25%. Smelling it behind Wendy's and now can afford the Frosty 😋
Goddammit. Sold all my UVIX. Too early... Too scared to hold thru weekend...
Long UVIX as a hedge paid off for me
I'm up $15k on UVIX rn. Do I hold this shit thru the weekend? I have no fucking idea.....
You jinxed it. UVIX calls everyone
There will be a shake out in the next 2 weeks I'm betting, $50k on UVIX at $10.00, selling at $12+ VIX has been rising the last 4 weeks. A rising VIX for 5 or 6 weeks doesn't really happen without some downward volitility in the market. We've gone from 14 to 17, it will likely spike to 20 or higher before it retreats. I believe EOY will continue higher, but we're seeing companies that make no money (quantum, nuclear, skycabs) go ballistic up, all while OpenAI promises half a trillion dollars of IOUs to chip and cloud companies. Where's the Beef? Kathy Woods knows what's up when people start looking at financials after 10x runs.
Rolling into UVIX and TSLZ
UVIX longs - I’m probably fucked.
Looking at UVIX 16 strike for dec. going to be one nasty sell off day before the end of the year you’d think
is this what you mean? 2x Long VIX Futures ETF BATS: UVIX
UVIX or UVXY isn’t available on RH?
That is clearly the best recipe for a Wendy application... But market doesn't move you lose on contango on UVIX and decay and decay and daily adjustment on SQQQ Amazing strat , have fun !
So u r the guy I’ve sold my UVIX calls to?😂
Will dumb shit happen over night and send my UVIX and GLD calls to the moon, thus saving my account? Or will I finally blow up my gambling account once and for all?
If UVIX can jump to $20 EOD that would be nice.
I don’t play VIX options directly (they decay fast), but I sometimes look at the ETNs around it (UVIX, VIXY, SVIX) for premium selling. As of 09/25, **30DTE/30Δ returns** look like this: * **UVIX (IV30 \~154):** Put ≈ **10.66%**, Call ≈ **8.84%** (3-mo avg: Put 8.21%, Call 7.41%) * **VIXY (IV30 \~70):** Put ≈ **1.98%**, Call ≈ **3.35%** (3-mo avg: Put 3.57%, Call 4.06%) * **SVIX (IV30 \~63):** Put ≈ **7.37%**, Call ≈ **7.99%** (3-mo avg: Put 4.32%, Call 3.03%) UVIX has huge premiums (and risk), VIXY is thinner/steadier, SVIX is interesting if you want to fade vol. I’d size small since vol products can rip hard.
VIX is a bitch. UVIX is a big fucking chode. Oh well, at least my shares won’t get called away, it seems. 🤡
Buy lots of UVIX and SOXL it covers both types of apocalypse
had my best day of the month thanks to short calls on SPX and NDX, long puts on NVDA, and long UVIX. Not expecting too much action tomorrow, more of a lookahead day to Thurs-Fri.
whee, sitting on 50,000 shares of UVIX @ an average of $9.80 and jacked to the tits in anticipation of this week's shenanigans
whee, sitting on 50,000 shares of UVIX @ an average of $9.80 and jacked to the tits in anticipation of this week's shenanigans
10% of your portfolio in UVIX?!? That is one of the most expensive hedges in existence.
Yep, I like to do "a little big of both" or "half and half" - I'll buy multiple contracts further in future, and sell against half of them, then I'm getting a "lower average price" but still pure exposure to sudden changes in the underlying stock. I've also figured out to have about 10% of my portfolio in UVIX positions in case the market decides to take a dump and wipe out my other positions. VIX is unusually low.
I'm buying a bunch of UVIX rn
UVIX under $10 is crazy work
I really have the worst timing. Bought more UVIX and it tanked immediately.
Desperately need the spy to not go too high rn i have $UVIX with a covered call i just need it to not go to complete shit while i wait for the option to expire.
What happened to UVIX???
My UVIX call isn't pumping. I am disappointed.
I hedged HEAVILY on UVIX this morning
If he doesn’t cut rates, I think UVIX may go from 11 to 18 by market close
$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.