UVXY - Why it's a bad idea to hold this long termSeveral people have asked me about UVXY because I flip UVXY puts every now and then....
These leveraged VIX ETFs have terrible decay. It's not something you hold and hope for volatility to go up again some day.
If trading was that easy, everyone would do it. Instead the decay kills you. This is why I buy UVXY puts every time the market tanks, because I know the VIX has to come down eventually and UVXY decays.