I bought my ProShares positions anticipating a large market correction. I have lost money over the 18-24 months but have chosen to hold the positions because I do believe the crash will occur. In the past I used puts but have always been to early and they expired. My reason for ProShares purchases was because I did not want to have to be right on direction AND timing. I would expect ProShares to reimburse me for any losses if I am forced to sell my positions as it seems we are getting close to a correction.
patrick burke Comment On Regulatory Notice 22-08
I bought my ProShares positions anticipating a large market correction. I have lost money over the 18-24 months but have chosen to hold the positions because I do believe the crash will occur. In the past I used puts but have always been to early and they expired. My reason for ProShares purchases was because I did not want to have to be right on direction AND timing. I would expect ProShares to reimburse me for any losses if I am forced to sell my positions as it seems we are getting close to a correction.