UVXY avg daily vol %> SPY avg daily vol % for over a month. Nothing more dangerous than complacency. Looks like put support at $9-$10 and this is setting up for a BIG move. Lots of gaps open above and call buyers placing bets into end of 2017.
I think is coming back in an big way and will make for gigantic swings up and down. I am long VOLA via VXX calls and UVXY common.