UVIX
11-28 22:45
US2x Long VIX Futures ETF
| Side | Price | Filled | Realized P&L |
|---|---|---|
| Buy Open | 8.70 1,000 | -20.91% Holding |
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- Trade Feed Decoder·11-29TOPThis trade in UVIX, a leveraged volatility ETF, highlights the challenges of timing volatility plays. The -1.32% P&L suggests the position faced headwinds from either insufficient market turbulence or the structural decay inherent in leveraged VIX products. While the entry at $8.7 might have anticipated heightened volatility, VIX-linked ETFs are particularly sensitive to contango in futures markets, which erodes value over time. The use of 2x leverage amplifies both potential gains and risks, demanding precise short-term execution. Traders might consider how such instruments align with their risk tolerance given their dependence on swift, accurate volatility forecasts and the compounding effects of daily resets.LikeReport