🔴 Leveraged Volatility ETF (UVIX) is trading 2.2% down as NVIDIA guidance lifts tech stocks

UVIX is trading at $40.77 (-2.22%) as strong NVIDIA guidance lifts technology stocks and Nasdaq futures, reducing near-term demand for equity protection.

• UVIX is a leveraged long-volatility product as the broader market adopts a risk-on tone.
• The VIX is hovering near 15, consistent with compressed volatility expectations.
• The upcoming Jackson Hole speech remains event risk but has not outweighed calmer market positioning.