It's another ugly day for the VIX (VXX -9.4%) which is back to levels similar to those seen in...

This news story has 7 comments:

Register or Login to rate comments »

Gary Jakacky Comments (1832)
 
Silly WABBIT! VIX is for KIDS!
26 Mar 2012, 04:54 PM Reply Like

vuppaluru Comments (9)
 
is there any hope at all on TVIX? can we consider it as DEAD?
26 Mar 2012, 04:59 PM Reply Like

torahislife Comments (400)
 
After pre-market decline which accounted for most of TVIXs price drop, TVIX hit NAV and actually resumed trading "normal" again today. Was a good buy for those lucky enough to pick up below NAV.
26 Mar 2012, 05:06 PM Reply Like

assetman07 Comments (49)
 
Correct. A good day if you're a daytrader.

Here's a lesson, though... don't by TVIX at a premium if UVXY is trading close to NAV (which is true most of the time).

And don't buy either one... most of the time.
26 Mar 2012, 05:24 PM Reply Like

DeepValueLover Comments (5067)
 
As far as I can tell only two more ETPs are trading at extreme valuations above NAV at this time.

FWIW, two or three trading days in a row of 2%+ declines in the S&P 500 would turn TVIX into a moon shot!

The moment you hear that South Korea has shot down a North Korean long range missile or that Israel has fired on Iranian ships in the Strait of Hormuz, back up the truck on TVIX!
26 Mar 2012, 09:48 PM Reply Like

losingbeta Comments (4)
 
And what would those two be? GAZ has dropped quite a bit in the last 3 trading sessions (no doubt caused at least partly by the TVIX debacle) too.
26 Mar 2012, 11:00 PM Reply Like

karimo Comment (1)
 
it has returned to its NAV normality . added to this is the fall in the underlying VIX .
27 Mar 2012, 01:58 AM Reply Like