UVXY: Good Things Do Not Last

ProShares Ultra VIX Short-Term Futures ETF offers a 1.5x leveraged exposure to short-term VIX futures, spiking during volatility surges. The recent VIX spike to 35 on March 9, 2026, marks an interim volatility top, with historical patterns suggesting such levels are unsustainable. UVXY is structurally prone to rapid decay due to roll effects, especially as VIX futures revert to contango after volatility events.