UVXY

Jupiter168

SPY vs UVXY. UVXY pops during market decline. Short might have to cover their UVXY positions

Glum-Wealth-6171

Crypto is like the ugly chick at the party no one wants to talk too. Meanwhile SPY, Gold and even the weirdo nerd UVXY are sharing a giant bong.

GneissFrog

UVXY

fog_rolls_in

I loaded up today on 10 shares of UVXY

Neel_Crashkari

#UVXY + cash and chill 😎

trent_upscale

UVXY calls are an abstract put, I guess

trent_upscale

Sold apld Balls deep in UVXY calls

DJ_LilSmoke

If you arnt jacked to the tits with UVXY calls you must have breast cancer

DJ_LilSmoke

Yoloed a g into 11c UVXY weeklies, AMA

Galaxy_AI

Did you buy UVXY or VIX

posttruthage

UVXY

Such_Coin

Talk me out of UVXY calls

iron_condor34

Ohh and UVIX and UVXY. Great products to sell calls on.

sharpetwo

UVXY bleeds because it is a leveraged product that holds front-end VIX futures. When the curve is in contango (most of the time), it is rolling down the hill every day: selling cheaper, buying more expensive. That structural decay is why the chart looks like a ski slope. Where traders get trapped is thinking it always goes down. Not true and we had a great example between Nov 2024 and June 2025. When the term structure flattens or flips into backwardation(think of crisis, event risk, vol spike) the UVXY fund managers will have to keep buying the front and sell the back except now... the front will be more expensive than the back (again backwardation) - this means, the drift may even be upward. Or at least flat when the VX term structure is flat. And then there is the obvious risk when a spike in the VIX futures (in response more often than not by a spike in the VIX, but not ... always) will bring it higher up and sometimes quite substantially. The most predictable part of these ETNs is the long-term decay. The unpredictable part is the spike. If you play it, understand you are basically trading term structure, not just a ticker on a chart. Good luck.

Valsense

Shorting UVXY is playing with fire. One sudden move and you end up broke.

Boys4Ever

Bubble likely pops. They all have. Just no clue when but Greater Fools might keep this inflating longer than reasonably expected therefore lots of profits to be had then UVXY on the drop Rinse. Repeat.

Thin-Way-6406

If my UVXY calls would print MONday that would be nice

mavreix

just here commenting on a Friday night trying to get my UVXY calls to print come next week

Glittering_Fix36

UVXY seems decoupled from vix

Character_Special123

That’s ok I guess. Profit is profit. I’ve been doing it a lot myself this year, but would typically take profits somewhere in the 30-50% range. Just one thing I would suggest - whatever you do, don’t try to average down multiple times if the stock starts to rapidly move against you and there’s only couple days left until expiration. Yes, sometimes it can work and help you recover, but it can also lead to devastating losses if you don’t control your emotions. It’s extremely high-risk strategy when it involves short-term options. Ask me how I know this… blew roughly 100K trading short-term UVXY options (volatility is a different beast, there’s additional layer of complexity there; but the above applies to any short-term options).

Mundane-Hamster-1645

That’s ok I guess. Profit is profit. I’ve been doing it a lot myself this year, but would typically take profits somewhere in the 30-50% range. Just one thing I would suggest - whatever you do, don’t try to average down multiple times if the stock starts to rapidly move against you and there’s only couple days left until expiration. Yes, sometimes it can work and help you recover, but it can also lead to devastating losses if you don’t control your emotions. It’s extremely high-risk strategy when it involves short-term options. Ask me how I know this… blew roughly 100K trading short-term UVXY options (volatility is a different beast, there’s additional layer of complexity there; but the above applies to any short-term options).

Spicyboi981

UVXY

KittyLover-7

I’m a retard, can someone explain VIX vs UVXY to me and which one if I’m gambling with a January expiration date

Spicyboi981

Ported into UVXY bc who knows what they’ll do to retaliate

fungoodtrade

I just keep buying UVXY in the hope that one day I can have that "I was right" dopamine hit. I had a limit order at 11 get hit today, average cost 12.76. I'm even selling CCs on UVXY to try and slow the bleeding. This could go on for a while.

sirzoop

if you want to hedge the UVXY looks like a good play right now

nigelnyc1

Bought a large amount of UVXY. Thank me on Friday.

Old-Commission2782

Can UVXY hit $17 just once by end of the year? That's all I ask haha

smashMaster3000

you have to be careful call farming the VIX, sometimes the bid-ask spreads on these non-lognormal assets will get huge. They are inherently hard to price, so you may have a ROUGH time tryjng to roll. I personally love trading VIX and UVXY. PM me and I’ll share some math-based tools I’ve made for them.

Skurttish

I mean, WMT has done well since October……if anyone actually listened to me and bought UVXY or UNH, I feel they sealed their own fate. I wash my hands

Permaboolish

!banbet $UVXY -5% 1D

Peeeeech

UVXY is gonna be in single digit at this rate. Just diabolical. We are in a simulation

sharpetwo

Position sizing is the part nobody wants to talk about because it is not sexy, but it is the whole game. Most retail just spray equal dollars and call it diversification and to be fair, it can work, but that is not a great way of doing it. First it's best to think in risk units and size in vol terms to answer question like how much P/L swing are you okay if the underlying moves 1 standard deviation. That way, SPY and TSLA are not getting the same ticket just because the dollar notional is equal. Second layer is correlation. A short put in QQQ and a short put in NVDA are not two bets: it is one big tech beta trade. So you collapse exposures and size accordingly. Third layer is convexity. A $50k vega short in front-month UVXY is not the same risk as $50k vega short three months out in SPY. One is a hand grenade, the other is a slow bleed. So the framework is: – Define positions in risk units, not notional. – Collapse correlated exposures. – Respect convexity. You can add plenty of extra layers: risk limits at the strategy level, then at the portfolio-of-strategies level (same logic about correlation). Ideally you want uncorrelated strategies, though in practice that is easier said than done. But honestly, already shifting your sizing from dollar notional to volatility terms is a big step forward. That alone separates you from most of the field.

Old-Commission2782

I just want UVXY to hit $16-17 one more time to get out of these shares.

BearSef

For those of you who may be unaware, a guaranteed money-printer is to wait for any decent spike in VIX and buy puts on UVXY a couple of strikes ITM at least 45 days out. Then sit back and watch your position P/L go up.

Old-Commission2782

SPY goes down $7. UVXY barely moves up lol

FlyWannaBeRichGuy

Picked up 300 Oct 15 UVXY calls.

FlyWannaBeRichGuy

Alright, time to buy calls on UVXY... Hope I catch it like I did when covid hit...

Background-Nose-6351

Good I bought UVXY and UVYX shares last week 😝

Pristine_Struggle

UVXY calls cause I’m regarded

Old-Commission2782

UVXY is such a scam.

Boys4Ever

Uncertainty will crash likely everything UVXY until it stabilizes my intentions

Zauberstaby

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.

ExcitingBarnacle4708

I can see us getting VIX spikes, why did you pick this one over UVXY, just curious

DerbyTrader

Very funny. Haha, UVXY is fine for short-term market panic trades, but I’m looking for companies with actual revenue/margin growth drivers — not a 2x VIX decay machine

archetype_99

Tell me you have $UVXY $UVIX shares without telling me

Valuable-Mission9203

VXX and UVXY are just ETPs over VIX futes, and you can read the CBOE paper on how VIX is built, it's just 30-day variance, pulled directly from the SPX options IV smile. Your proposed position has high compounding daily contango bleed from rolling the futes and rebalancing, and low liquidity. SPX/SPY options let you get the same trade long vol convexity . Consider a long LEAP put financed with rolling bull put spreads, cheap convex long vega with payoff on any spikes in IV mostly divorced from delta, with risk tightly bound to a narrow range about the short strikes at expiry on the front leg. UVXY/VXX persist because they’re simple to trade and well marketed, despite being structurally poor long-term holdings. Long positions mostly subsidize the APs and the sponsor through roll decay and fees. Even in backwardation, when the roll may briefly favour longs, the effect is fleeting and never offsets the product’s long-term structural drag.

OptionsJive

Because with VXX and UVXY you can build unique asymmetric, inversely correlated risk profiles that you just can't replicate in SPY/SPX.

Will_Sommers

Because UVXY tracks futures contracts for VIX and decays faster if the market grinds upwards. So if the SPY goes to 700, more than likely people writing short-term and long term contracts for VIX will probably be writing at a lower price. It's not a long term hold but damn I really thought with all the instability there would have been some sharp spikes in price. But yeah VIX puts for now seems to be the play

OptionsJive

We've all paid that market tuition, and we're here to help. In your case, I'd look at selling in-the-money covered calls on UVXY, premiums are rich, it's a way to work out of the position by getting assigned instead of just watching it bleed lower.

Seed_Is_Strong

I wish I knew this before I bought UVXY, I’m bag holding and laugh at myself while it goes lower and lower every day. I don’t own much at least, lesson learn on leveraged ETFs paid with market tuition.

Melon-Usk-Taco

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!

Spicyboi981

UVXY calls cheeep rn

OptionsJive

Not really. Buying VIX calls has the same issue. I love VXX/UVXY broken-wing butterflies and ratio spreads. You can also synthetically get long volatility using calendar spreads on equity ETFs.

TecmoBlow

You're better off buying SPX put spreads. They're cheap and don't decay as bad as the UVXY garbage. And generally VIX goes up when SPX goes down.

Shapen361

Tbh, the answer is "I just do". My reasoning would be that UVXY at this moment has short-dated futures with high decay value. A long option doesn't, until time passes.

Old-Commission2782

UVXY is completely dead. That's all you need to know about this market. It will continue to go up.

OptionsJive

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.

Outrageous_Guava3629

I agree with you, any geopolitical bad news piling on NVDA lesser than expected earnings + the concentration of most big indexes around AI there's bound to be a retest... I agree there's some decay for UVXY what ticker would you consider buying ?

Shapen361

Thinking of going long puts out 6 months. Economic headwinds are piling up at a staggering rate, though Q2 GDP is stronger than previously estimated. Though consumer confidence, inflation, payrolls, even consumption is turning sour, and we haven't even hit the fill impact of tariffs yet. UVXY stinks as a long-term hold because of roll yield.

Outrageous_Guava3629

I must disclose i'm doing the same. I'Ve bought UVXY and UVIX as hedges

Outrageous_Guava3629

Hedge funds are pouring money into Shorts on UVXY/UVIX but if people start buying it I think its headed for a short squeeze.

Outrageous_Guava3629

This is exactly what I'm thinking I will keep buying UVXY/UVIX

Will_Sommers

I really thought UVXY would have spiked by now but it keeps going lower. I'm thinking that it'll go under $8 and that price will be the norm. Meaning, sustained higher highs in the market in the short term.

cryptoETH_jazz

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.

cryptoETH_jazz

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

Old-Commission2782

I honestly hate UVXY. It's in contango. Praying for a spike that won't happen.

Pope_LeoXIV

Vix low as fuck, NVDA earnings just happened, and some big numbers coming up. And I'm still sure my UVXY calls will be fucked lol

tachyonvelocity

October VIX is over 19, UVXY is already 1/3 October VIX of 19, not "below 15." This mean seasonality is already priced in.

Significant-Zebra-17

This is what I posted yesterday: SPX / QQQ Directional Risk •With heavy short VIX positioning, equity indexes are artificially supported by “volatility suppression.” •If volatility spikes, you’d likely see SPX and QQQ drop fast as dealers and funds scramble to hedge. •Watch for any 5–10% downside gap risk in indices if there’s a shock. Hedging Opportunities •Buying cheap VIX calls (or UVXY calls) can serve as a hedge — they’re inexpensive right now because implied volatility is crushed. •Alternatively, put spreads on SPX/QQQ are a cleaner way to play a volatility spike without paying full premium.

Broad-Inspector8905

Ngl, I’m gonna throw some money into UVXY JUST INCASE NVDA shits the bdd

Awii37

You're right I haven't traded it, but it doesn't deny the fact that it can be good utilization of portfolio margin when adjusting exposure. For perspective, opening an ATM call or rolling if ITM won't bankrupt a 100k portfolio at current UVXY prices, but doing so with 10 or more contracts is a completely different story.

Longjumping_Rip_690

NVDA 190c / Short UVXY

nigerian123

Not if you know what UVXY is

Old-Commission2782

UVXY up, SPY up. Strange.

fridaynighttrader

it’s really not tracking spot ViX that you’re referring to. UVXY is a calculation of the constant exposure to M1/M2 /VX futures and will decay in price most of the time due to the negative roll yield/contango of the volatility term structure. technical analysis won’t work on this and price could decline by 30-40% before you get a spike in price that won’t even put you at breakeven. Why not wait for a spike in volatility and then short this ETF with options instead?

Awii37

Partly joking, but if you don't get margin called, what else can go wrong? UVXY declines sharply over time.

fungoodtrade

I have a small position of uvxy shares. Will see if it makes me a little money. just looking for a 1k profit, total sideline experimental trade. DCA into UVXY below 12, sell at 16, 20, etc.

purifyingwaters

UVXY $12 calls no brainer

AntoniaFauci

I covered my largest Sept expenses with pure cash. My buys for this month have mostly been levered volatility instruments and with the exception of yesterday’s tranche, those are all sharply down. Like you, post inauguration started buying fear volatility instruments which paid off in April. My thesis since has been this degree of open corruption and meddling will show up in global bond markets and/or some kind of panic situation. So far it’s not working. We have one or two such panic scenarios every year. April was one. Products like UVXY went from $18 to $58 during the tariff terror in April. It’s down to $11-12 now. Yes it’s designed to decay daily but it hasn’t been this low in years, or technically ever.

Significant-Zebra-17

Hedging Opportunities • Buying cheap VIX calls (or UVXY calls) can serve as a hedge — they’re inexpensive right now because implied volatility is crushed. • Alternatively, put spreads on SPX/QQQ are a cleaner way to play a volatility spike without paying full premium.

Rumis4drinknburning

Thanks, actually just picked some UVXY up today and yesterday as a hedge

No_Feeling920

This is essentially pure gambling. I will sometimes sell a slightly ITM UVXY put expiring next week (when I feel the market is overly confident/complacent), but this here is something else. 😄

No_Feeling920

It's not "shares". It's essentially a rolling futures position. [https://www.projectfinance.com/vix-contango/](https://www.projectfinance.com/vix-contango/) The VIX futures (what UVXY deals in) trade at like 2 VIX points premium per each month into the future. I would expect the UVXY "shares" to decay at least at this speed (\~10% per month). It's not a good mid/long term hold at all.

hypeaze

One regard bought $120K worth of UVXY while another bought $40K of spy puts. Believe it or not, calls.

-medicalthrowaway-

UVXY was calling my name Thinking about grabbing some 15c for a month out

softboiledjadepotato

Come on UVXY shares and VIX calls my dumbass bought last week and stubbornly held, come on..

Cockballzz

Playing UVXY is suppose to be a short term bet I hope you can unload these bags without too much damage fellow regard

Efficient_Win_3902

Been hodling UVXY since April at 19 Godspeed regard

Busy-Pomegranate7551

UVXY enjoyer spotted. 10k shares isn’t a hedge, it’s a lifestyle. Helmet on, notifications max.

Cockballzz

Me just loaded 10000 UVXY shares today. I need SPY to continue drilling until tomorrow morning ⬇️⬇️⬇️

Background-Nose-6351

10k shares of UVIX and 5k shares of UVXY

Weapon_Of_Mayhem

I'm up 7% on UVXY bought calls for $1.55 exp 9/29

Weapon_Of_Mayhem

I'm up 7% on UVXY bought calls for $1.55 exp 9/29 || || |UVXY 09/26/2025 11.50 C CALL PROSHARES ULTRA VIX$11.5 EXP 09/26/25||

VeterinarianAny9999

$UVXY

VeterinarianAny9999

$UVXY if you aren't a retard and actually want to make money.

warm_fork

imo I think its safe to say the Vix would go absolutely beserk if that happened, so u could buy UVXY etc...

Old-Commission2782

Nothing seems to crack this market right now. Even the red days are -0.5% at worst. VIX / UVXY are suppressed. There’s no fear in the market.

gavin0

My UVXY is dead

Boys4Ever

Wealth made in our darkest hours. UVXY eventually in play. Might as well profit from the carnage