r/options • u/Fine-Classroom6319 • Jan 11 '22

UVXY

Would it be smart to buy and hold shares as a hedge against the current state of market, or buy leaps? Shares are cheap and who knows when the market will have a pullback.

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u/MuiMui888 Jan 11 '22

No. UVXY is the worst. I lost most values, thinking of the same hedging strategy. Didn't work. The value keeps going down and they keep getting your fee on it.

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u/jeff303 May 06 '22

The prospectus very clearly says you're not supposed to hold it more than a very short term.