I don't trade vol products so I wanted to get opinions from some of you guys that do. SVXY seems to be a good vehicle to hedge a sustained move up in the market with flat to declining volatility. Based on that, what would the drawbacks be to trading a longer term collar on it? When I look at the chart, I know it is susceptible to some pretty large down moves. However, if you set the collar up properly and use the drops to purchase more shares what would be the drawbacks? I know I am missing something.