BETAPRO SP500 VIX ST FTRS 2X DLY BULL T.HVU

Monday's action

[Steven1]

The markets are down. But, the VIX is taking a breather today. I’m guessing there is a lot of profit taking with SP based options and Vix futures. I’m sure a lot of people struck it rich with put options and want to cash in

[Yamahauler]

Thanks for your info Steven1. Lots of view but no many other posters or comments... I moved quite a few shares on Friday, bought in and out 3 times with 1300 shares, some beauty gains. I kept 1000 shares at my last purchase of 17.90, it was the high end for Friday but I assumed HVU would keep climbing again today. Keep up the great posts and hopefully some others will post their knowledge or ideas

[Steven1]

Thanks Yamahauler. Good luck. You are very well positioned I would like to do more swing trades. But, I’m a taking defensive approach I’ve learned too much the hard way. I'm recovering from a bad HVU trade in March with some recent buys to average.  I’m looking to get to 24-25. its getting close.

[Steven1]

A little disappointing with the VIX.  There must have been a lot of profit taking on VIX futures, VIX based ETF's and SP futures options (which is used to calculate the VIX index). There would have been a lot of rich people on Friday who played the options market correctly.