UVXY
ProShares Ultra VIX Short-Term Futures ETF
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VIX is spiking every 2 weeks like clockwork right now. Will it continue or will tech earnings break the cycle?
$2K to $50K in 90 Days - Options Trading Challenge (Day 1 +$250 Unrealized)
$2K to $50K in 90 Days - Options Trading Challenge (Day 1 +$250 Unrealized)
I’ve turn bearish. Going all in UVXY now
Best tools for predicting future market sentiment
I’ve been a bear my whole life. I’m now bullish.
Sudden Spike of UVXY Appx 5% whole day while VIX is negative.
Experience with price development of UVXY put options with very long expiration time?
Looking for a serious trading partner to day trade with and share game plans with?
Yemen Just Declared War On Israel - I did a YOLO on $UVXY
Done with options today, what’s your moves for the rest of the day?
How I feel making $100 dollars on a trade after loosing 98% of my portfolio this past year
VIX calls or UVXY shares for this Iran Israel Gaza war?
Is putting 100% of your account into a CSP a Yolo?
Me simple Ape. Need learning from smart Apes.
TSLA Calls vanquished my last hope. Had $1k 24 hours ago
#Strategy Validation: Events like the US debt crisis have increased the vega significantly
PROOF the Fed is manipulating the VIX
Covered Call/PermaCollar on LABD & UVXY-Cost Basis Far Above Current Price.
Volatility is *NOT* “priced in”
Low Volatility Masks Risks to Stocks, JPMorgan Says
So i have this friend who thinks he has a new and winning strategy....
I took a year off trading and decided to get in again and start small so I don’t blow my load all at once. All of this of this has been swing trading SPXS, SQQQ, TBT and UVXY. Now I’m long in LEAPs with my profits.
What exactly am I buying into if I buy something like UVXY?
Buy UVXY, wait for bottom in '28, scoop up cheap [insert currently booming industry] stocks, profit... This even predicted a c19 crash?
Some big Spy and UVXY plays for my cake day!
Hypothetical "Volmageddon 2.0" using newly launched $UVIX Etf. ( Swipe right for 1.0 in $UVXY )
UVXY yolo. Sold $5.50 puts that expired in the money so I was assigned the shares
UVXY breaking down as spy runs. Probably does a reverse split soon
UVXY curling up at this level … a storm might be brewing?
Now back to pre-2020 lvls. Current account value:~30k. Peak:~150k. This is 1 account of 5 I manage. I switched it from ETFs & Lg-cap growth to mix-cap hyper-growth and options in 2020. Timed ‘20 bottom w/calls on UVXY. ~6k->~65k. Bought a new 35k 🚙 in cash.trade wkly.Accumulating cash at main job.
wtf happened to the bid-ask spread on UVXY? every ask price ranging from $2 to $5 was withdrawn at close
We all know the ship is sinking…but there’s money to be made!
For everyone who said “I should have bought volatility when UVXY was $8.75 - You’re welcome!
That VIX launch that occurred yesterday in the midst of a green market is a specific pattern that has foretold of major volatility increase and an imminent SPY drop in each previous occurrence. (7 for 7.)
What a week to be a gay bear. +27k gain on ABNB/SPY Puts and UVXY calls (+295%)
UVXY , holding strong until Jerome pivots us into a societal collapse 🥲💎🙌
Spy is at the top of a trendline. While UVXY is at the bottom of a trendline. If it bounces spy will bleed all week.
UVXY is at the bottom of a trendline. If it bounces here could mean a bloody week for spy.
The Only Prediction You'll Ever Need (For Dummies Only)
Looking for an audit/double check on this options trade
SPY / UVXY yolo after the VIX spike - Update. (6k --> 34k) (28k -->44k) -- Still holding.
SPY and UVXY yolo gains after the VIX spike. 6k--34k, 28k--42k |
30k SPY/UVXY yolo using all of the House's money from last weeks gains. Food stamps or lambo for this guy, no in between. Wish me luck regards
That VIX spike earlier this week hasforetold of a major volatility increase and imminent SPY drop in each previous occurrence, 6/6.
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Timing the market let alone timing a market downturn is the most regarded thing you can do with stocks. There’s what? *One* magical genius bear the world recognizes from 2008 and he is still bullish 90+% of his positions. Then there’s millions of bulls who literally retire on the 500. Theres a plethora of the Uber rich we all know of and recognize and they all own companies. None of them ever go full 100% short the market. If they have puts they are hedging their *massive* bullish positions and *poof* when the market drops those hedges are closed and the market rallies. That does *not* mean the market goes back down after. Machines EAT up the market once those hedges start cashing and VIX starts chilling. That is the inevitable “V” rally that ALWAYS happens in the modern market. NEVER buy spy puts ever unless you are 1) hedging and hedging very cheap if not for free using options on SPY and UVXY. Do the math on how you can profit if SPY goes up or be hedged if it goes down (hint SPY and UVXY option % returns are *not* the same based on the same movement of SPY) Or 2) gamma is WAY over Delta and you can buy both puts and calls VERY cheap so that no matter what if SPY moves you make $$$$ You should be BUYING assets until you have enough $$$$ to sell/write options and to hedge for free These are the ONLY two trading strategies you should ever use. Otherwise buy the index and short companies that you think are a joke (and a really, really big joke… not a super successful company you just don’t like…) Even then… buying the index is the smartest thing you can do and randomly shorting the index AFTER a “V” is the dumbest thing you can do. Advice for 99% of people is to just buy buy buy. Then maybe you can short joke companies or actually trade a strategy that actually works 90% of the time. But NEVER just buy puts in spy…
> I purchased UVXY (short term futures ETF, goes up when the market is down, and goes down when the market is up) Not necessarily. That's not it's function. While VIX is negatively correlated to SPX, that doesn't mean that for every 10 points SPX moves up, UVXY moves 10 points down. It's not an inverse SPX fund.
Your put is now a basket option. If you type "UVXY2" into the order panel for your broker, you should see the options that were traded pre-split. You can still sell your option, but make sure to use a limit order because liquidity tends to be poor with basket options.
I assume you meant less than intrinsic value, but It's not. Did you read the memo? UVXY2 is an imaginary ticker whose value is 0.2 x UVXY. As I write, UVXY is at 33.41, which means UVXY2 is 6.682. Therefore the 7 strike put has 0.31 of intrinsic value. Meanwhile, its bid/ask are 0.36/0.60.
Whenever dealing with adjusted options, look up the OCC's memos about the adjustment on their Infomemos website. This can usually be found just by googling "[ticker] theocx adjustment." https://infomemo.theocc.com/infomemos?number=54382 In this adjustment, the multiplier and strike remained the same, while the deliverable was adjusted to 20 shares. So exercising this 7 strike put would pay you $700 cash, and in exchange, you would give up 20 shares of UVXY. With UVXY currently at 33.30, 20 shares are worth $666, so your put is ITM, but not by much.
I just trade long dated puts of UVXY. Money printer goes "brrrrrrt"
I need UVXY to lose $1.16 in the next hour or I lose a banbet 
Yeah.. I learned it the hard way. Now I appreciate the better liquidity on VXX against UVXY...
Options on leveraged volatility index. UVXY for the real degenerate gambler.
Options on leveraged volatility index. UVXY for the real degenerate gambler.
My UVXY short calls are fucking me in the ass and this may be the end for my portfolio
All this bombing here and there and UVXY probably up 1.5% tomorrow
Ok, all in here on $UVXY. If this works out, I'll make tens of Dollars.
SOXS is a good bet bro. UVXY I got in before the reverse split. Average of 6.50. Presplit. You're still early. Those other fools don't know how to trade Volatility. Bet they aren't even hedging. Fools. Thanks for hold that bag for me.
I'm long UVXY. thanks for holding the bag permabulls 🤣 VIX back to 36 then back to 80 real fast.
Just a couple straight calls. Nothing crazy today. Figured if Israel doesn’t attack tonight markets will jump with good earnings. Be greedy when others are fearful and fearful when others are greedy. 504, 505, 506, 508 calls on spy, calls on UVXY at 40, TSLA puts at 165, bac 36 call for earnings tomorrow. Qqq puts. Spread it around.
For those that can’t make it work in this casino, would it make sense to just day trade UVXY given the current state of things?
RDDT puts ITM DJT puts ITM SPY puts ITM UVXY puts down 
Agreed. I trimmed off about half my position at .25 but my avg was .35. we'll see what beginning of the week brings but not looking awesome. Kinda bummed that options on UVXY are so much more expensive now, maybe they will come back down soon but currently what I was paying $100 for is about $500 on the monthlies.
As you can see, UVXY UVIX VXX and VIXM are all in backwardsation. If this stays current, you will gain money off of these and loose on SVXY SVIX and ZIVB
Plan is UVXY put prints this week on relief if conflict is over. I sell. Then SPY continues downtrend as people realize rate hikes are coming cause inflation is not transitory.
I picked it them up when UVXY was over $40, so I think so too. If it drops substantially by open, I'll prob just take the win and get out.
SPY can go down slowly. Also my SPY put is July. UVXY is Friday.
Maybe my UVXY 35 puts aren't toast.
You have puts on UVXY while shorting SPY? You might be immensely regarded Or maybe not, let’s see
UVXY short dated puts SPY longer dated puts DJT puts RDDT puts Damn I think I need to get some calls in here somewhere
I’m telling y’all $UVXY is the way to go
Wars always start after the market closes on Fridays...I've been so excited about my mining and oil that I didn't even think about my UVXY....this is gonna be a green week for some of us. Thanks
RIP her 401k. I'm long UVXY. Volatility about to take over the market. Got in at 6.50. Reverse Split last week. Sorry grandma but you're gambling.
Hey from someone who traded VIX via the long and short ETFs , my advice is to stay away from attempting to trade calls on the VIX. Just don't do it, and especially if you are not experienced. I used to trade UVXY which is 2x long VIX and SVXY which is short VIX and alternate between catching the directional movement of those indicators according to the stacking of the /ES and /NQ , and I was somewhat successful ..traded those instruments for four years and at the end decided to never touch it :) . But the options contracts on those instruments are a different animal and very hard to fathom . You will see 🙈🙈🙈
The way to trade the VIX is to sell UVXY calls, buy the SVIX and all other inverse VIX plays since the VIX and all its attached ETN’s are perpetual short mechanisms. The “short the VIX” is the safest, and most crowded play. Caused Volmageddon. So the main idea is this… is Monday going to be a regular day, or is it “that” rare event. I tend to put my money on it being a regular day (until interest rates are cut)
I went all in on BOIL (2x or 3x leveraged Natural Gas) on Friday. Figured if this attack happens it has to be fairly bullish for NatGas seeing as Iran is the #3 producer in the world for it. But, also NatGas is just so freaking low and at a good support zone. We'll see how it goes... I was in UVXY starting last Monday and I sold on Thursday for like a 5% gain before that shit took off on Friday, for what would have been 25% lol, so I was pissed off and decided I'd go the "pray for war" route.
In the name of Iran-Israel VIX spiked, It is done, bound to go down! Make use of it like this, by either UVXY shorting (highest return) or SVXY [https://imgur.com/tjYzGqs](https://imgur.com/tjYzGqs)
In the name of Iran-Israel VIX spiked, It is done, bound to go down! Make use of it like this, by either UVXY shorting (highest return) or SVXY [https://imgur.com/tjYzGqs](https://imgur.com/tjYzGqs)
Yes cause it was going down too fast, it was trading near 6 dollars last week before reversal, and last year it hit 3 but they did a reversal as well. That's why in my portfolio I have those UVXY basket thing which correspond to the price before reverse split
I've been doing this play for more than a year pal, and it always pays out, plus this is not just shorting the UVXY, it's profiting from high IV and a medium to long stable uptrend in the market, it's not just shorting the vix
UVXY underwent a 1:5 reverse split
Nothing wrong with a hedged UVXY play. I'm getting in on Monday.
Because The U.S Dollar went up 😉 it really is that simple. Try telling these old fools that and they'll come up with some B.S. VIX went up to 19 today. I ate real good with my UVXY position.
The only thing I'm holding over the weekend are my UVXY puts as a fuck you to Iran. Do it passes! I double dog dare you!
where's that guy's wife that was snooping around here about her husband's big UVXY loss?
I'm out for the day. Sold UVXY at the top.
yeah on UVXY 
Is $UVXY on Robinhood scuffed for anyone else?
UVXY up a casual 18% 
I wish I had some settled cash to buy 3 or 4dte puts on UVXY right now.
UVXY lookin delish for next week
What’s going on with UVXY Did they do a reverse split?
Your new symbol starts with UVXY2. you can see bid and ask on your 5/17 puts using that underlying.
I got out of my UVXY position at the lows (/highs for VIX). Feels good man. Then I bought some FNGD...... Sold it for a loss which was worth half my profit from the UVXY trade lol. Feels bad man.
Why can’t I buy UVXY puts?
So is my $6 5/17 put actually not in the money unless UVXY goes all the way to $4.22 or is that price discrepancy accounted for somewhere and just not visually represented?
According to theocc.com "As a result of the reverse stock split, each UVXY Share will be converted into the right to receive 0.2 (New) ProShares Ultra VIX Short-Term Futures ETF Shares." It also states UVXY open options would become UVXY2 but it doesn't say anything about the non-adjusted price discrepancy. No one will buy a $6 put for a ticker trading at $35.
So if I'm reading Robinhood right the only people who can trade UVXY2 are people who already had options in UVXY before the split, meaning there will be significantly Lee people we are able to sell our options to. Hope I'm wrong about that...
SVXY did a 2:1 split and UVXY did a 1:5 split.
Wtf they removed options on UVXY rip
I thought I fucked up big time selling my UVXY calls yesterday. I gotta stop smoking so much herb man.
Yes mine also says that now that I noticed carefully. But shows price of UVXY for underlying as 36. So that means uvxy2 is 9 ?? Why does it now show the uvxy2 price on the option ?
Ok does anyone know what the heck happened to UVXY options ? I see UVXY at 36 ?? When I got my 8c, it was like 7 bucks.
Excuse my ignorance, but why is UVXY up more than 400%? Just trying to understand this ticket
UVXY is always a reverse split. It experiences theta decay and that’s all that keeps it going to less than a cent
It’s super low again so it gets another. It’s usually a bit lower, but they’re doing splits on a bunch of their other things as well rn so probably getting them all in one round. Really UVXY is probably nearing the end of its life at this point.
Why are UVXY options temporarily untradable?
sold UVXY call I bought yesterday and now I bought 6.5 puts on it. Nike 90 call as well
It's just that you could have bought 440p on the QQQ and been up almost 100 percent on 2 day options, and 7C on UVXY are only up like 40 percent. Still a good gain but careful with them.
I tried to tell y’all twice yesterday, but now you missed UVXY 7c and it’s off to the races..
Where's the UVXY 7C 4/12 homie? This set up has me jacked.
Just gonna reiterate again because I said it this morning and they’ve already taken off, but UVXY 7c expiring this week is still way too cheap.
The only thing green in my port are my UVXY calls
Opening stop loss orders today, will cut if they get down 30% each. Currently down 15-20%. This might be one of the times the UVXY play doesn't work since we are getting multiple spikes every few days. Especially with CPI numbers coming out tomorrow. Did you move on to a different play or did you inverse me to make some money 🤑
There isn't 1 single place where you can learn about this, these instruments are so complicated you need advanced math or finance degrees to truly understand what is going on. Because the VIX doesn't just have to do with rolling futures, it tracks the IV of market options, you not just need to understand how futures work, but how market IV relates to different market conditions and events. Unfortunately it is not as easy as market goes down so UVXY goes up. The fund prospectus is a good place to start and if you can't read through it then I would suggest not doing anything with it if you want to keep your money.
Oh, that wasn't clear from your OP. You probably want to edit the OP, or heck, it's been so long now, just make a new post specifically to hear from people that trade VXX options. As I recall, I've only seen VXX option trades discussed by people who wanted to do covered calls, so that and UVXY was the only choice anyway, or their platform or account approval level didn't support index options, so again VXX and UVXY was their only choice. Exclusive of /vx traders.
Already there!!! Id rather own the Miners than the crypto! And nice profits! Mine expired Friday. Made money on both UVXY and GDX in options. Also sold all of my ZIVB and a few shares of SVIX. I just want YANG to get below $17 again. Damn you Chinese!
I had to look up what happens to open options positions in the event of a stock split because I wasn't sure. I've still got them open, down about 10% currently since I reopened them. I wouldn't be surprised to see some more volatility but from my understanding the split itself won't have any impact on the value of the open positions. Will reprice/revalue the amounts accordingly and automatically. I actually continued to buy both positions as they fell Friday to lower my cost basis. Probably have about 1/3 of my whole port into $7/$6 UVXY puts, I think they have plenty of time but with high IV I don't want to hold them too long.
I disagree, many investors don’t understand the VIX and leveraged ETFs on the VIX (or leveraged ETFs in general). If you understood that holding UVXY long term isn’t its intended use and why the fund depreciates long term, what’s the point of saying UVXY went from $1,000,000 to $5 - over many years?
UVXY calls all week
I’m getting on UVXY short calls
UVXY is not a long term instrument. It’s designed to track the daily performance of /VX futures and due to the costs associated with managing the fund/rolling contracts (/VX futures are in contango more often than backwardation) is expected to decrease in price long term. It’s intended to be used as a short term hedge against an expected drop in the market, not buying and holding.
I'm waiting to see what happens Monday and Tuesday before making my Wednesday decision. Depending on where SPY and QQQ sit, I'll be grabbing calls and puts on Tuesday. More than likely, ATM 1DTE calls and 1% OTM puts a week out to hedge. Monday, I'll be grabbing a bunch of UVXY 7.5c.
How many suckers does it take to buy a UVXY? It was 24 billion in 2011.
UVXY is NOT designed for long term holding periods and in my experience very few people, outside of professional traders, make money consistently with it. Be very careful with your planning here.
The S&P500 is up close to 25% in about 4 months. That seems stalled to you? Jeez. Who cares about the ViX. Look at the ViX ETFs and track how they've done over the last decade. LoL. UVXY has gone from about $1,000,000 a share to $5. LMAO
Unless there is a nuclear war and NYSE gets blown up by Russia and China at the same time, UVXY is going to be lower in 2 years time and this is priced the fuck in
Liquidity might be problem with a strategy like this. UVXY tends to reverse split relatively often. Long-term options tend to be fairly illiquid already, and once UVXY reverse splits, your adjusted options are going to be extremely illiquid. If you were to try this strategy, you might be forced to hold to expiration or exercise your options early. I had similar issues with long-term options on TMF after it did its reverse split.
TQQQ yes not UVXY - it’s seemingly not correlated to the underlying for quite sometime now so I’ve stopped messing with it.
Wanted to say thank you for sharing your strategy of using options with TQQQ and UVXY. I've been enjoying selling options on volatile equities and this seems to fit the bill. Three years after you wrote this, are you still using the wheel with TQQQ & UVXY?
Well I made money on a SPY put yesterday, held like an idiot but got out even. Wasn’t sure how I felt all day, but pretty optimistic about UVXY puts I entered at close.
UVXY suggests the spy wedge will break to the down side. Who's with me?
so $UVXY & $SQQQ calls? Got it.
If you’re so addicted to buying calls, let me introduce you to UVXY.