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UVXY Options Reaction To The Greek Drama

|Includes: SVXY, ProShares Ultra VIX Short-Term Futures ETF (UVXY), VXX, XIV

Hello everyone,

I am going to provide you with two links here and I would ask that you read each one. The first gives you an introduction to my blog, which I am going to go into more detail on below. The second is a piece of work I find interesting on the behavior of UVXY options these past few weeks. I think you'll like it.

1. I have decided to begin writing my own blog. I am very grateful to SeekingAlpha for giving me a platform to work on these last few years. However, I have gone back and forth with them on what I feel should be published and with what they feel shouldn't be published. SeekingAlpha doesn't permit articles that focus on options strategies. Options strategies are a large part of my overall strategy and need to be covered in detail to get my points across.

The only other issue I have is editing times. Yesterday I wrote an article on the VIX futures and requested that it be published as soon as possible. By mid-day it was reviewed and then sent back to me for revisions because it identified times and dates in the article. The times and dates were relevant to the article and wouldn't have needed to be changed if the article was published in a timely manner.

I will still write for SeekingAlpha but I will be moving my options coverage and urgent news over to my blog.

Ultimately I believe this will provide you, the reader, with a better experience.

Link to Blog introduction: Here

2. I really enjoyed putting this piece together and I think it provides some unique insights into how UVXY options react to their security. Hopefully you find it interesting.

Link to options post: Here

As always I highly appreciate you reading and I think this new free style of writing will be more refreshing and allow us to have a better conversation on volatility.

Disclosure: I am/we are short UVXY.

Additional disclosure: Long XIV