Done.
a while ago. sold in the recent run into $5's (still at a loss). i've come to the conclusion that if you day trade this, you pretty much have no life during the day...and anything longer causes just way too much (very useless) thought in the wee hours of the night. The erosion is just too much. The VIX rises slower than it falls. The future VIX continues to disregard the swings of the present VIX....and its only concerned with the futures as so many here seem to overlook.
Just can't believe the ridiculous rise in the S&P over that last couple of years. A very bad time period for a vehicle like HVU.
“The market can stay irrational longer than you can stay solvent.”
so yeah - never venturing into HVU again.
tC