ProShares Trust II - ProShares Ultra VIX Short-Term Futures ETF
$0.03 (0.24%) Today
52 Week High
52 Week Low
7 Days Mentions
(Do not trade this) My Michael Burry trade on bond yields. If bond yields go up TLT will go down. TBT is the UVXY for TLT (volatility play). This is based off of fed tapering / rising rates / inflation / debt ceiling / default on debt by October 18th if the government isn’t funded.
Stop saying UVXY is at “all time lows”. That phrase is N/A for UVXY. Removing reverse-splits, the original price for UVXY was ~$2.5 Billion. Billion with a “B”. It can and will ALWAYS go down over time. You will lose money holding it long for more than a perfectly timed short-term period.
That structural decay is priced in. If you look at the contracts for next January, for example, a $5 strike put just traded on Friday for $2.07. So the market is basically saying it expects UVXY to be at $3 a year from now (from its current $12 and change).
It could be the value from recent sales. Many of my options (like UVXY specifically) have wild swings. To calculate the value your broker might use recent sales, bid price, ask price or the average of bid & ask price. I have seen them value the option at some weird prices. Check recent sales to get the best "guess" as to its worth.
I'm newer to trading. Been getting into spy this week. Can you explain to me the correlation between IWM, UVXY and SPY please? Looking at the candles I believe spy reversed and is now in a downward trend. I have a 2/11 470c and yesterday I bought a 1/14 168p that im currently riding down...
The only thing I'm mad about is that I bought UVXY $12 calls expiring today for the Wednesday CPI fail (that didn't occur) at $45 an option. When the market bull trapped, I got out selling at $41. Looking at this bitch now, if I had held I'd probably be holding a 5-10 bagger depending on how many steaks are made today.
I’m sure you profited. I almost always do this when vix spikes over 20 but I thought it would go up more with jpow hearing and CPI. Those actually calmed the markets. Most people here are plain dumb and couldn’t understand a good strategy if it hit them in the face. My only suggestion would be to buy puts on VIX futures directly instead of on UVXY because uvxy in my experience prices in the drop a lot more because it’s always in contango. Plus options on VIX have a great tax advantage because the underlying is a future. 60% of your gains are taxed at the long term rate regardless of how long you hold. It’s one of the best tax hacks
I just did it on my UVXY leap. It was up a few hundred, so once I hit my 30% profit threshold, I’m out. I can re enter again. I wish I’d done it today on my 2feb 472 spy call that hit 100% but now I’m sitting at 60%. Don’t know whether to hold and see if we pop back up or dump it tomorrow at open lol. I’d been doing good for a few weeks. Increasing my $1k starting value by another $1k and got excited after my spy hit so well and opened an Apple call on a run up rather than thinking it through. So now I’m down and regretting not closing my spy call. So I’m only open 1 at a time the way I like.
I havent been here in awhile but this inflation thing just grows the owners amounts and shrinks workers accounts. if this were to crash the market how would you play the downside and what would you buy at the bottom? Personally I like the UVXY, SQQQ, or SOXS for the ride down and then TQQQ, SOXL, and internet coins at the bottom. See I say this as a rationalist but as a trader that move fails 99/100 times tried