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My only worry is: whether UPRO will be delisted or not.
As long as it is not going to be delisted, it should be Ok to keep it, and wait until S&P rebound. However, I don't know if it will be delisted. Any good ideas?
Can you help answer these questions from other members on NexusFi?
I'm sure the members aren't here to bully you, but it is important to have a plan with each trade. A lot of us adjust our plans against our own benefit But an idea of where to get out is always helpful 99% of the time. If I were to speculate on this, I'd say it will have one more modest bump. If anyone were lucky to bank off the meat of the move, it probably isn't worth holding any longer. if you caught it on the dip, I'd hold on tight.
Thanks. But what you said seems a bit contradictory or at least confusing to me.
By holding tight if getting it during the dip, what if it will be delisted or some other policy affects it? You will lose a lot depending on how low it further goes. Or do you mean you don't think it will be delisted at all? In that case, regardless when the buy time was, one would always hold them until they rebound which may take a long time but better than losing so much.
VIX future is in backwardation. TVIX should still be jumping much higher at some time in the near future (say, a week or a few weeks)? Should hold, if I have, right?
But many S&P volatility ETFs/ETNs are following the same trend, right? Since VIX future is backwardation, they will more or less going up much higher, except for those with defects (e.g. TVIX as you said), right?
Right now, the VIX futures are still in backwardation (see attached screenshot). Does it mean VXX still have chances to go up a lot? It's dropping a lot during the past two weeks? Is there any hope to go back to the price two weeks ago?