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hungry_hippo

UVXY SHort

Short
ProShares Trust Ultra VIX Short Term Futures ETF (AMEX:UVXY)  
hungry_hippo Updated   
AMEX:UVXY   ProShares Trust Ultra VIX Short Term Futures ETF
Beyond Technical Analysis UVXY
8
17
beyondta uvxy
Shorting the VIX through UVXY Oct 11 puts.

We may get another market drop tomorrow, but with UVXY, it will just compound the losses next week when the VIX scrolls back down.

Don't enter the trade unless you know how VIX and UVXY works.
Trade closed manually:
Have no idea what the market is doing today so I cashed out for a small profit
Comment:
The nice thing about the VIX is that the market could go flat and it will still drop, so at least you get some money out of it. Looks like we get a whipsaw day today
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