Hey y’all
I know this has probably been asked 1million times but what are yalls opinion on selling OTM calls on UVXY? I currently am paper trading the idea in my account. I sold an April 30 call for 1.23 credit. With the decay of the ETF and time decay of the option seems to be an “edge” ??. Also seems as if puts are really cheap and calls really expensive ?
Thxs