Nice divergence in a falling wedge

Probably the easiest way to play a rise in volatility

Someone at Zerohedge must have read my blog post here

Here's what they just posted

I don't think they're saying anything we don't all know -- that double ETFs are filled with counterparty risk (i.e. manage how much you put in them), and they decay with time. But I don't know that there's any more counterparty risk here or more time decay here than in any other leveraged ETF, but yes those are real risks -- caveat emptor.