While UVXY can in the short term jump (and jump quite a bit) long term there is absolutely no way for this to go but down.
Currently have the following Positions
JAN 17 2020 10 PUT #20: Bought at .18-.28 - I will admit I don't love this position right now but still believe it will be profitable
MAR 20 2020 10 PUT #10: Bought at $.50
JUN 19 2020 5 PUT #40: Bought at .15-.18
JUN 19 2020 10 PUT #20: Bought at $1.49. While biggest loser on paper so far it is by far the one I feel most confident.
You can not short UVXY (well most of the time) but you can make a mint buy longer term PUTS
Currently have the following Positions
JAN 17 2020 10 PUT #20: Bought at .18-.28 - I will admit I don't love this position right now but still believe it will be profitable
MAR 20 2020 10 PUT #10: Bought at $.50
JUN 19 2020 5 PUT #40: Bought at .15-.18
JUN 19 2020 10 PUT #20: Bought at $1.49. While biggest loser on paper so far it is by far the one I feel most confident.
You can not short UVXY (well most of the time) but you can make a mint buy longer term PUTS