should take a look at the chart for UVXY and visualize what it 100 Contracts of Puts bought and rolled over say just 3 years ago would be worth.
Just a mentioning cause its more than likely they are about a do a likely 1-10 to 1-20 r/split and right now the Jan 2025 Puts are really cheap (not a lot of volatility premium priced in).
And while its likely uvxy will oscillate, possibly make a run or two, maybe even a serious spike, the trend for this one is down in price.
So as mentioned, I own 100 contracts of the Jan 2025 1s. Looking for aA drop from $4.5/sh to say $3 to change the 32.5 cents/put to around 90 cents if it can happen by the end of the year.
One variable is, if the market gets 'crazy/active', starts to fall apart, volatility could pick up and wreck the timeline, maybe even the trade. But my goal on this one is to see where it goes, with the intention to just keep rolling the puts over if it works out. Cause as the chart shows, there would have been a lot of money made doing this if I had been smart enough to act on the recognition that uvxy has a natural price decay due to its composition of what it is made up of.
Just thought I would toss it out..