When did you first buy UVXY? If you are telling me you bought it Friday morning, I’m calling BS unless you show me the trade. My guess is you have rode it down over the last several months if you even really hold any.I made 30K Friday on UVXY.. you guys know the stock market does not go straight up . I sold all my stocks Friday except a couple of options in SRPT. The reason the stock market took a hit was the jobs report of Friday and the real threat of of Iran attacking Israel. In the end this will only create great buying opportunities just like in 1987 and all the other hard corrections. Dont blame Biden or Harris put the blame of Jerome Powell the Federal Reserve Chief appointed by your idol Trump for not cutting interest rates earlier. Now the Fed will cut the interest rates agressively and stock market will climb again later when this all settles down and you losers will get your money back. An added advice when the market settles buy AMD or AMDY for some good gains then.
Second, if I sold all my stocks I would have a $250,000 tax bill, so not an option I’m ready to exercise. I do use call options to offset risk, but portfolio liquidation is a stupid strategy.