Calculating UVXY’s Price
Unlike most underlyings, UVXY’s price is derived from the price changes in VIX futures (/VX). This is[…]
No Shares to Short
Shorting requires a holder shares to allow them to be lent (in exchange for a borrowing fee)[…]
Drawdowns and Losing Trades
Drawdowns are part of trading so it is critical to keep your emotions in check to avoid[…]
Market Makers
A favorite boogieman to many traders, Market Makers are an indispensable ingredient that ensures liquidity, without which[…]
Shorting from $2.4 billion to $10
(And from $40 to $2,400,000,000) After backing out UVXY’s 10 reverse splits, the initial price at inception[…]
IV is Overstated
“There is no edge in selling options.” I’ve heard this many times as an argument to try[…]
Log Style Charting
A standard 10 year chart of UVXY tells quite the story. Change the display to logarithmic and[…]
Hedging – A Beta Perspective
Every shorter of volatility has asked at one time or another if there is an effective way[…]
Chart Watching for Relationships
On my live screen I always have the following charts up: UVXY, /ES, VIX, /VX M1, and[…]
What is UVXY
UVXY is an exchange traded product from ProShares that is based purely on a calculation, which unlike[…]