UVXY
ProShares Ultra VIX Short-Term Futures ETF
Mentions (24Hr)
-90.00% Today
Reddit Posts
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.
Mentions
45mins of upward pressure on UVXY reflects reduced optimism & clear setup for testing lower levels. way lower levels.
I lost $25 on UVXY, even during the initial dump it went nowhere
Half the week's profits wiped out by fcking with IWM and UVXY.. I blame 9-11
Good thing I was in UVXY what’s even the point
You only lose mine with UVXY.
Same - I’m short the market and in UVXY and VIXY.
No reason not to hedge rn, UVXY calls are super cheap and in a worst case scenario a potential 70-100x
those fucking vix futures tracking etf's are complete utter garbage...just stay away from the vix altogether....if you want to short the market, buy a market short like spxs (3x inverse leveraged S&P etf) or something like that. 3x might be a hair volatile...you can find 2x leveraged and just 1x inverse....depends on your level of risk. VXX and UVXY are just a waste of time in my opinion.
Short term UVXY calls is better. Prob what OP was alluding to. 10 months out, I don't know actually. I've held 2-3 months out VIX calls, and they needed a significant spike to turn decent profit
But there is a risk of faster decay right. I burned my hands by buying UVXY. Now I bought VIX (10 months out). Am I again making mistake?
Why UVXY calls but not VIX calls?
Obv UVXY calls because either everyone sells off after the expected cut or (a guy can dream) JPow raises rates to put POTUS in his place
Congrats making money on UVXY calls. It is actually not simple. But here is the thing: that trade is a slot machine. UVXY is built to decay, so unless you nail the spike, it bleeds you dry over time. If you actually want to trade volatility into a Fed meeting, there are cleaner setups: 1/ Consider calendars where would sell the front loaded event premium, buy a calmer expiry behind it You are essentially betting that vol in the front will get crush and you hedge with the back. Avoid getting too close to the expiration cycle, as you become super expose to gamma risk. This trade is comfy, but not magical either. 2/ In UVXY the call skew is absolutely horrendous and again the product is designed to go down, as long as you have some contango in the VX term structure. So you could use diagonals to add some directional component to your trade. 3/ Cross-market vol arbitrage is also a good one, but often harder to execute for retail traders. Sometimes vol is overpriced in one corner and underpriced in another. That’s where the real edge hides. The better way is not chasing UVXY lottos (once again, constantly making money buying UVXY calls is extremely hard, and inherently a losing value proposition). You need to learn to recognize where the vol surface is warped by the event. That’s where you get paid without needing a miracle timing call. Now ultimately it also depends on what your goal is : do you want to speculate on a headline, or actually trade volatility? Two very different games. Good luck.
What's your UVXY position, mind sharing?
I made money trading UVXY the last 2 days. I bought Calls and sold them higher within 24 hours. I bought some more today and hope to have them sold by tomorrow 2 pm. Uncertainty drives the price higher. We are in uncertain territory right now.
UVXY up. Volatility is back.
SPY vs UVXY. UVXY pops during market decline. Short might have to cover their UVXY positions
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.
I loaded up today on 10 shares of UVXY
#UVXY + cash and chill 😎
UVXY calls are an abstract put, I guess
Sold apld Balls deep in UVXY calls
If you arnt jacked to the tits with UVXY calls you must have breast cancer
Yoloed a g into 11c UVXY weeklies, AMA
Ohh and UVIX and UVXY. Great products to sell calls on.
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.
Shorting UVXY is playing with fire. One sudden move and you end up broke.
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.
If my UVXY calls would print MONday that would be nice
just here commenting on a Friday night trying to get my UVXY calls to print come next week
UVXY seems decoupled from vix
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).
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).
I’m a retard, can someone explain VIX vs UVXY to me and which one if I’m gambling with a January expiration date
Ported into UVXY bc who knows what they’ll do to retaliate
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.
if you want to hedge the UVXY looks like a good play right now
Bought a large amount of UVXY. Thank me on Friday.
Can UVXY hit $17 just once by end of the year? That's all I ask haha
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.
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
UVXY is gonna be in single digit at this rate. Just diabolical. We are in a simulation
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.
I just want UVXY to hit $16-17 one more time to get out of these shares.
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.
SPY goes down $7. UVXY barely moves up lol
Picked up 300 Oct 15 UVXY calls.
Alright, time to buy calls on UVXY... Hope I catch it like I did when covid hit...
Good I bought UVXY and UVYX shares last week 😝
UVXY calls cause I’m regarded
UVXY is such a scam.
Uncertainty will crash likely everything UVXY until it stabilizes my intentions
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.
I can see us getting VIX spikes, why did you pick this one over UVXY, just curious
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
Tell me you have $UVXY $UVIX shares without telling me
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.
Because with VXX and UVXY you can build unique asymmetric, inversely correlated risk profiles that you just can't replicate in SPY/SPX.
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
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.
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.
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!
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.
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.
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.
UVXY is completely dead. That's all you need to know about this market. It will continue to go up.
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 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 ?
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.
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 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.
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
I honestly hate UVXY. It's in contango. Praying for a spike that won't happen.
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
October VIX is over 19, UVXY is already 1/3 October VIX of 19, not "below 15." This mean seasonality is already priced in.
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.
Ngl, I’m gonna throw some money into UVXY JUST INCASE NVDA shits the bdd
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.
NVDA 190c / Short UVXY
Not if you know what UVXY is
UVXY up, SPY up. Strange.
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?
Partly joking, but if you don't get margin called, what else can go wrong? UVXY declines sharply over time.
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.
UVXY $12 calls no brainer
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.
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.
Thanks, actually just picked some UVXY up today and yesterday as a hedge