The Ultra Vix Short-term Futures ETF (UVXY) is a 2X leveraged fund that tracks short term volatility. Basically, whenever everything is down, this goes up. Yesterday it was up 68% closing at 23.02, today it is back down -33.88% to 15.22. Obviously, that was a big jump so options were pretty expensive, but on smaller corrections, what I like to do is buy put options when it spikes. Ask/bid spreads are still within pennies usually even for 12% corrections which makes them attractive, plus it is relatively predictable it will go back down.
Submitted February 06, 2018 at 11:35PM by cfcrisp http://ift.tt/2Etuqqy
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