Novice Trade: ProShares Ultra VIX ST Futures

Well, I got the two-day selloff I was looking for. I now think the VIX is going to return from whence it came, back toward 14.00, maybe not threatening the 12s like last week, but lower, with the VIX futures backing off as well.

I like owning out-of-the-money (OTM) puts that expire next week in ProShares Ultra VIX Short-Term Futures (UVXY). I can buy the UVXY April regular 20 puts for about $1.50. That's not a bad price, and I think I will get to sell them at $2.50, perhaps by Friday. If the VIX pops I'm wrong, but I do not see that happening....8 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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