New to options. Why do you all buy UVXY options and not the ETF itself when u think the market is going to tank? Don’t options present the added complexity of vol and risk of order not filling?

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Risk/reward. The underlying may move 20%, but I personally play this in my ‘fun’ account and am looking for the options to move an order of magnitude greater than that (although that kind of movement is unlikely with IV being so high right now)

yeah UVXY isn’t the most thickly traded in terms of options, but you still get additional leverage. that’s why people do it.

personally i think you are better off with VIX, SPY, QQQ, or SPX options.

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