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发表于 2013-11-19 06:08 PM
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UVXY follows the next two months VIX contract price, and it rolls over the contract at the expiration of every month to buy contract of future month. Like now it is time for UVXY to sell its holding of Dec contract and buy Jan contract..this will cause decaying in its NAV value unless VX Z3-CF and VX F4-CF goes up a lot, but seems not possible to due to holiday effect.
It is very wrong to use either UVXY or VIX to guess if market is topped and need a drop, especially with UVXY. |
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