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UVIX250516C102000

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0.91
0.000.00%

15min DelayClose May 14 16:15 ET

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2x Long VIX Futures ETF Stock Discussion

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$2x Long VIX Futures ETF (UVIX.US)$

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$2x Long VIX Futures ETF (UVIX.US)$ just in case anyone wonders I'm buying when I say I buy 😂😂

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$2x Long VIX Futures ETF (UVIX.US)$ looking good today , I'm holding at 27.79

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Yesterday 07:11

$2x Long VIX Futures ETF (UVIX.US)$ not bad still holding at decent price 🥰

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$2x Long VIX Futures ETF (UVIX.US)$

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Steadyla : How would you tell that UVIX will go up as the uptrend of S&P is so strong as if it will not go down. What is the recommended price level to exit UVIX if we get in now? Thanks

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10baggerbamm OP Steadyla : I've been in it since it was in the '90s. I purchased $50,000 worth of puts back early April 8... I closed out some last week, I closed out a little yesterday, I still have some left.. right now it's pretty much normalized if you look at vix it's back to a normal level so I don't know how much more of a decline it could have but not much more than two or three points. the market is on fire right now everything is positive, between what happened with China and now what's going on with President Trump meeting with Saudi who are investing $600 billion and he has two more Nations to meet with so everything is positive news.. CPI came out that was not an issue this morning so the anxiety the problems with the market have abated in the short term.. I would not be looking to open up a position here.. like I said I think there's a few more points best case scenario to the downside but the move that I was looking for it played out 100% perfectly

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BahBah Moo : at what $ would be safe to enter? I’m new to this one

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Steadyla 10baggerbamm OP : Vetaran trader! must be laughing to the bank with the puts. :) For cases like this, usually how many weeks or mths is the best pick to balance the decay vs the premium payable? do u enter single leg or vertical spread?

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10baggerbamm OP Steadyla : when you're buying calls or buying puts it only takes one time to understand that you may be right about the movement of that stock or the index but you don't have enough time so you lose your investment it goes to zero.
with this trade I staggered my months and my strike prices but that being said I was looking for a full reversion I wanted to see it go back to where it started I believe that's what was going to happen.
so I staggered my months and my strike prices they were $40 $45 $50 and went out to June. I tried to buy at the bid I didn't get filled I tried to buy in the spread I couldn't get filled and I posted that I like a sale l, I like a bargain but I need to get these positions filled so I had to pay retail prices which piss me off to no end.. because I like buying things in the spread or on the bid but here there was a sense of urgency and I wanted to have my positions filled.
once the market began to recover I knew it was a win I just needed to relax and not be short-sighted and cash out too early.
I'm out of all of my positions this week I closed out my last leg.
the decay is not noticeable I couldn't calculate it I'm sure there's a grad student using AI that could figure out how much time value ticked away relative to the bid price of my contracts. the volatility premium that I received cuz the market was cratering every day is what you're buying that's where you're really making your money is when that market recovers and the vix begins to decline that volatility premium evaporates from those options dramatically especially on the put side. again I can't calculate it but I just knew that the max pain was right there. I missed it by like a day but so what they don't ring the bell at the top of the bottom I came close enough for a grand slam home run.

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$2x Long VIX Futures ETF (UVIX.US)$

I still holding

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buying some more at current price

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$2x Long VIX Futures ETF (UVIX.US)$ bought some at 28 🥳

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$2x Long VIX Futures ETF (UVIX.US)$

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$2x Long VIX Futures ETF (UVIX.US)$ $30 puts looking too cheap here 🤔, for something that's falling

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