As an intellectual exercise, I was thinking that 3Xers with decay seem like sure fire shorts. But usually there are pros and cons so I will start the convo.
UVXY and TVIX both are derivatives of the VIX (which seems to have died the last couple years). They also both decay and reverse split every few months. So would it not make sense to just short them and hold indefinitely?
Let’s hear the pros and cons.