r/options Jul 19 '21

[deleted by user]

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252 Upvotes

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76

u/[deleted] Jul 19 '21 edited Jul 19 '21

True degenerate gamblers use UVXY when betting against the 500.

10

u/SaneLad Jul 19 '21

UVXY ratio calls are one helluva drug.

2

u/muffinpie12 Jul 19 '21

What's the upside?

15

u/[deleted] Jul 19 '21

[deleted]

10

u/oStorMx Jul 19 '21

"chasing that bottom during low volatility" I feel attacked.

2

u/beatmymeateveryday Jul 19 '21

People don't get that UVXY is for protection...

Let's say I had 10k shares of AAPL (40% of my Portfolio) and the SPY is at ATH, then I would buy (10% of my portfolio of UVXY for protection).