Why is $UVXY Up More Than $Vix?

To Reach me
@thefamisdave on Twitter... or leave a comment on any video to get my attention... I am still small enough to read all comments... :)

Please check out Gorilla Trades:

Do you want to be our partner? Help support original content on
Youtube. We really need help. Thanks.
Twitter: @thefamisdave
Facebook: @famisdave

I post primarily to StockTwits. I post live contango calculations at random times.

Use this link to start your Tastyworks Options account for the best commissions on options trades in the business:

Check out Steve Sears upcoming activities through his verified Twitter account:

It really helps me if you subscribe to this channel.
Bitcoin wallet:

32x6EPFxWtMaUZveuuwXQKo9P3zFqD7tWp

Litecoin Wallet:
MSaTbHbaxkCcjSMki3ey9inSiduVNHrEEo

Info is for educational and entertainment purposes only.
.
.

[spitnshine]

Great vid Dave.. Love the trade ideas, keep them coming

[robertleavitt]

David thank you for this video...I'm totally new at this, and I am correct in understanding that since the contango percentage on vix central is negative..that is backwardation right? We are the opposite of contango right now, which is NOT the ideal time to be shorting volatility? Also does this same concept apply to other futures products in relationship to leveraged ETFS? like for example E-Mini S&P in relation to say $SPXL.. Is there a term structure type charting for those products as well, and are they opposite the vix term structure since..maybe not currently but typically the futures products for S&P or NASDAQ or whatever want to be higher than spot in the long term since the market normally goes up?