ALERT: UVXY 5-1 REVERSE SPLIT, EFFECTIVE 1/12/17

A 5-1 reverse split is scheduled to occur in UVXY on 1/12/17. In a nutshell, this messes with options positions (see Post below) ... .

However, it can also be an opportunity to get into a short UVXY "Contango Drift" play. I'll do a separate post shortly ... .