• Ocean Man
    Add to $UVXY at $13.86.
    1/15/13
    Reply (8)
    • jcllier3: It seems to go nowhere but down
      1/15/13
    • Mohamed Abdirahman: seconded..volatilty is insanely low at the moment, $UVXY and $TVIX seem great at current prices.
      1/15/13
    • Perkins Cove: OM, what is your cost basis now? And I think you will be able to buy more even lower. This makes a text book case for "averaging down"?
      1/15/13
    • fire0nice228: How long can you hold this? This is bought with the hope of unrest and big market swings?
      1/15/13
    • Rubenov: Debt ceiling coming soon and will raise UVXY big time... but can keep going lower for now, perhaps until 1 week before event.
      1/15/13
    • Ocean Man: No, this is not a textbook case of averaging down. You do that with stocks you believe in, companies that will be worth more in the long run
      1/15/13
    • Ocean Man: This is designed to go to zero. I just use it for quick adds when I want to hedge against a market decline. Sure there's decay, but there is
      1/15/13
    • Ocean Man: even more decay with index puts.
      1/15/13
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