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UnknownUnicorn1043646
May 12, 2021 5:47 PM

Volatility - UVXY - Insider Games Long

ProShares Trust Ultra VIX Short Term Futures ETFArca

Description

Idea for UVXY:
- UVXY has announced a 10:1 reverse split on May 25.
- Time for panic?
- No. Plan the Trade. Execute the Trade.



GLHF
- DPT
Comments
gsand
This looks like an alien abduction. LOL
StofAxeCapital
@gsand, I want this hung up on my wall lol
vik0q
@gsand, LOL
candlestickninja
Been saying this for a minute, when a split reverse or not occurs, value is not changed, it's the negative sentiment of the split that changes prices, VXX recently did a RS and it's on track no worries. Positive bullishness will outweight any RS, assuming they don't rescind the announcement since we will probably be above 10 before then
fo_jns
does anyone find the timing of the announcement odd? it appeared that they were going to crash this thing below $4 then miraculously a spike
GreenMachine321
@fo_jns, I was thinking the same thing. How convenient. That said, they announced splits for a bunch of their products, so it might just be a coincidence.
fo_jns
@GreenMachine321, over 1 billion in assets! and they put out a date that had passed months ago, they retract it, then go radio silent ....even after its drops below 4. there is no way this was an accident. no way
Spotshooter1983
Sure but the trap is the spread on the non-standard old options after the split.

I'm out for now and just traded out of the position.

Nice rise.

I will look to /ES to fade this market.

all the best.
tantamount
Target?
vik0q
@tantamount, hope gets to covid levels
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