UVIX has been getting destroyed since you posted this. How do "bears rule" in a market where US indexes are basically at all time highs ?
Uvix did get destroyed yes but the rally was absolutely phenomenal for anyone who was getting under 10 dollars the last year. With extreme complacency a little patience on the vix and you could score giganticly....
I'm short VXX at around 90 a share and as it falls I'm selling calls on it in another account .....
I also have sell puts in UVIX which I did get at 9 and rolled down to 8 with a sizeable credit so even if I decide not to roll again I'll be at a cost average at around 7 a share...im not worried since my retirement account keeps printing money each day markets keep moving higher and higher.