The longer VIXY is held down, the stronger it generally pops. Good hedge against SPY downturn. Use dollar cost average to pick up a few shares every day or every other day. These turn great profits in short time. Options are also cheap. I recommend monthly's here which give you time for either a pop or a slow 7-10 day run up (plus extra time). I am a buyer of Calls here although you could sell Puts and get the stock cheap if your option fails. Good either way :)
When the recession does happen using VIXY with GDX and SPY (shorts or puts) I believe will turn profits even in down market.
Thank you for liking, commenting, throwing up a chart, following, or viewing. I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts. Disclosure - I am long MARA, GBTC, BTCUSD, GDX, VIXY.