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ProShares Ultra VIX Short-Term Futures ETF (UVXY)

NYSE
Currency in USD
Disclaimer
32.68
-1.65(-4.81%)
Closed
After Hours
32.64-0.04(-0.12%)

UVXY Comments

The whole market is a huge bubble. buy uvxy  to use it as an insurance. 8.55 is cheap
8.55 is a serious bargain. When it drops like it did today, and my portfolio is glowing bright green then I will buy five or 10 calls with the monthly expiration with the Delta of .75 or greater. I will hold it until Friday, and then I will sell it off whether it is for a loss or profit. It is a beautiful hedge and much cheaper than puts. When people are averaging down with long positions in this ticker, I say they are fools. This is meant to be a hedge after it drops like crazy or it is meant to be shorted when it pops like crazy. The end.
I do not buy shares out right because if it drops even more that I am losing penny for penny in the share price. Buying at the monthly option that is over two weeks away has premium baked into it and does not drop as fast as this year price. Considering the volatility of this vehicle buying a call option like I mentioned is fantastic. The fact is that if this spikes upwards then the monthly car with a Delta of .75 or greater quickly Turns into a Delta of one and trades penny for penny when I need it to.
and its going to get lot cheaper
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