This week’s lesson for me…

This week’s lesson for me is, forget about shorting UVXY directly and just buy puts. Not only is it sometimes impossible to borrow shares, during a Fed week the plunge is so severe that no price is too high to pay for puts. If they indicate that today is the end of the tightening cycle, the UVXY $30 puts will end up being a 50 bagger from Monday. Impressive.