New strategy....Hummm... perhaps I should buy HVU when the VIX is around 10 or 11 It's bound to jack up eventually. Sell half when it gets to 15 then sell the rest on it's way up to 20 or so. Buy back only if VIX get back to 10 or 11. Something like that. Holding it of course will erode with time. On any mega up swing. like 30%+ days Sell at least half. Cause the next few days, HVU usually gets nailed again.