• Seth Walters
    Haha I've gotten utterly destroyed in $UVXY. Was up 30% on the trade and now it's almost all gone. Was hoping for at least a small bounce.
    1/18/13
    Reply (15)
    • Seth Walters: Instead I got hit with the biggest 2 day percentage drop in history, and then a steady fall to 5 year lows. Kind of harsh, market.
      1/18/13
    • weed: My condolences, it's a terrible thing to give back a gain like that.
      1/18/13
    • Glidr: quit the uvxy...bad for your health
      1/18/13
    • Oh Dear: I got in a few days ago....ouch!! How low does this thing go?
      1/19/13
    • Perkins Cove: Oh Dear, technically it can go to zero. It usually reverse splits around $5, but is not required to. Not for holding for more than few days.
      1/19/13
    • Ocean Man: Technically, it already has gone to zero. $2,000 ---> $11 = minus 99.45%.
      1/19/13
    • det9: Sorry Seth. $UVXY is ticking bomb.
      1/19/13
    • Oh Dear: Thanks. Don't know what's going to change this market to long vol now, so will probably dump them (or, get dumped more like it) on Tuesday.
      1/19/13
    • Seth Walters: To be fair, the VIX had its biggest plunge in % terms in VIX history over the last 3 weeks. And from a level that wasn't that high at all.
      1/20/13
    • Seth Walters: So it's not just the contango effect of holding futures. I just misjudged the Republican Party.
      1/20/13
    • Oh Dear: Maybe some other bolt from the blue is due. I just get nervous of a trend when it hits multi-year highs and all is not that well.
      1/20/13
    • Perkins Cove: Oh Dear, please do yourself a favor, research articles about the VIX on SA. Many good ones by Josh Krause, Bill Luby, and Richard Bloch.
      1/20/13
    • Perkins Cove: Trading VIX derivatives is "inherently dangerous" as that famous line from "Red October" goes. Best wishes for good trading.......
      1/20/13
    • Oh Dear: Thanks, Perkins. I appreciate those references and will check them out. Good luck too.
      1/21/13
    • X Oil-Field: *
      4/8/15
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