tomerharyoffi

UVXY new low premarket, time to buy for LONG position

Long
AMEX:UVXY   PROSHARES TRUST II
128 views
AMEX:UVXY
Start to accumulate some shares next target
15.75,
16.61,
17.42
above 15.8 will add more

Comments

I hope you;re not accumulating more. At this point it would require an epic market tank for you to make money on this.
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tomerharyoffi hungry_hippo
@hungry_hippo, you are funny i added to my position on Friday .... I know the market can go higher. See my spy analysis this is my insurance to my portfolio... I use also put debit spread or buying put when shit hits the fan .. but overall UVXY arround 10 is a buy for me . I just look that on July last year we were at 45 !!!! So I will make with you a deal. When ever UVXY will make a new low I’ll buy !
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hungry_hippo tomerharyoffi
@tomerharyoffi, you really need to read my post, you obviously don;t understand decay.

I will bet you whatever you want that this will not hit $45 again, it's virtually impossible. You can do whatever you want with your money, go ahead and throw it down the drain.

Have you even looked at the chart I posted for you? Do you think this is going to hit $3.2M because it was there before? That's not how this ETF works. Pull up the 10 year chart, this is my last warning to you. Have fun losing money.
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tomerharyoffi hungry_hippo
@hungry_hippo, don't worry decay is my middle name :) selling options for many years now
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Read my post and save yourself some money. This is not a good ETF to hold.
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tomerharyoffi hungry_hippo
@hungry_hippo, said who? where is your post? I'm using UXVY and small short on spy to offset my delta... (i have long pos on other stuff). I know what I'm doing. thanks for your care
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hungry_hippo tomerharyoffi
@tomerharyoffi, look through the UVXY posts, it's there.

Good luck, it's your money. UVXY has terrible decay. Just throwing money away.
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hungry_hippo tomerharyoffi
@tomerharyoffi, try a 10 year plot on UVXY then you understand what decay is.
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tomerharyoffi hungry_hippo
@hungry_hippo, agreed! I start to accumulate at 12.4 and every time we will have a new low ill buy MORE... than we need a 1-day spike and that it! uvxy is a hedge instrument. trust me I know what I'm doing...
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hungry_hippo tomerharyoffi
@tomerharyoffi, I'm guessing the market tanks at the end of the month so you might be OK, but generally speaking it's not a good idea to accumulate this because the decay is so fat you might not get your money back even if the VIX does spike.
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