UVXY

Yes. Don't fuck with Vicky. You never win.

That bitch has taken everything I have many times.

Only use Vicky to hedge positions. NEVER AS SPECULATION.

Hope you like sucking cocks. It's your new career.

>>3198830
>>3198866
lol im starting to realize this. I am down $900 on this monster ytd

Market volatility has been at historical lows. Keep that in mind.

>>3197704
uvxy is a scam. the makers of the etf short it everyday then reverse split it and continue at a higher price. it suffers the pain of cryptocoins in that the exchanges are shorting it 24/7 until it dies. no matter how high it pumps it will always track to zero

>>3199464
so why not go long SVXY, the inverse...

>>3199464

Pretty sure that's just a result of the VIX constantly in contango

until, of course, the "next crash"

then UVXY is the gains train

I made a ton on this a couple weeks. However...

the only sane bet is on volatility crush following any significant SPY loss (3%-5%). Sell out the premium around the one standard dev. Now your trading like a pro.

Otherwise you can use it to offset Delta on other positions.

Check out tastytrade for better lessons.