Over the 18 month period shown above, UVIX lost 98% of its value from it's $140 peak all the way to below $4.
And it's going to happen again.
UVIX's Reverse Stock Split will "reset" it's value over $30, and from there it will start to fall as soon as this Thursday's open.
We're going to trade that fall for as long as it continues (3 months, 6 months, even 10 months) and I plan to make off with a mountain of money.
I've put on my first short UVIX position.
Mark will follow suit quickly after, building his first UVIX short position soon. He plans to put at least $10,000 into this trade, so I guess you could say we're confident in this UVIX move downward.
The only research service at Option Pit that has access to Daily Live Trading with Mark and me is Trading Desk...
And that's exactly where we'll be building, positioning and re-positioning our volatility positions as UVIX plummets.
But you have to get in NOW - you don't want to miss all the action!