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January 12th, 2018 at 4:09 pm
UVXY / Lalalinda – A lot of daytrading in that instrument because it's volatile enough. The decay due to the way it's structured makes it ideal to sell calls against it and I posted many times about that last year. Same with VXX. The only problem is that it can move yo very quickly and run your position over and you have to be ready to roll in strike and time and double down (or up I guess!) if needed.
For me, the better instrument is SVXY which I predict is going to infinity eventually but with some rough bumps along the way. I (and others) are waiting for the next correction to load up the truck with that and then sell options along the way (both calls and puts depending on the situation of course).