puts on UXVY?

How is this not a winning strategy?

UXVY basically never decreases for more than 3 months at a time. So conceptually if you buy any put that is longer than 3 months (let's say 4 months) wouldn't you make money?

Not joking, actually serious.

I read the shares are hard to borrow, so just do the puts thing.

Alternately, you could buy UXVY and average down and average down and then sell on a raise but this seems to have declined a ton so probably don't do that. It's down like 97% since inception and I read somewhere that it has a 90% chance of going down 85% a year or something.

 

Then you must have found the holy grail. Try it yourself, see how it works out, with real money.

 

It literally dropped from like 23.50 less than a year ago to the 13.49 it is now...

 

IronFist, surely you mean it never increases that much for that long, as opposed to decreases?

 

I suspect you have to pay a lot for those puts, people know its tendency to drop...

 

I bitch slapped UVXY today daytrading it and expect it to double by December

 

Recently discussed here: https://www.elitetrader.com/et/threads/to-good-to-be-true.369983/

 

I meant increases.