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Might the TVIX be delisted soon? The leveraged short-term VIX ETN broke the buck morning after...

Might the TVIX be delisted soon? The leveraged short-term VIX ETN broke the buck morning after losing 97% of its value YTD. Volatility ETNs are essentially designed to hit zero unless subjected to occasional reverse-splits. The TVIX is the only widely held of the VIX products not to get one this fall, suggesting its manager cannot figure out how to track the index properly and wants it to go away.
Comments (9)
  • Clayton Rulli
    , contributor
    Comments (2562) | Send Message
     
    Best short
    21 Nov 2012, 01:34 PM Reply Like
  • jplakal
    , contributor
    Comments (3) | Send Message
     
    This is a scam especially if you are looking for TVIX and UVXY. Now shorting is also not worth it.
    21 Nov 2012, 02:10 PM Reply Like
  • Hindu41
    , contributor
    Comments (2) | Send Message
     
    Hope this is a scam!
    21 Nov 2012, 05:01 PM Reply Like
  • Hindu41
    , contributor
    Comments (2) | Send Message
     
    Hope this is a scam...can they really delist?
    21 Nov 2012, 05:01 PM Reply Like
  • Freedoms Truth
    , contributor
    Comments (851) | Send Message
     
    It's not a scam, as noted it is designed to do what it does.
    That said, its junk. It should be reverse split, as of now its useless long or short.
    21 Nov 2012, 06:28 PM Reply Like
  • Laurie.777
    , contributor
    Comments (2) | Send Message
     
    Actually, TVIX is only an ETN, which is essentially a promissory note backed by Credit Suisse. Rather than have the liability if the VIX goes parabolic next spring, they may choose to eliiminate the risk.
    22 Nov 2012, 03:23 AM Reply Like
  • rjstilling
    , contributor
    Comments (11) | Send Message
     
    Since about a month before the election I have making money with TVIX on short term fiscal cliff and tax the rich trades. A nice pre Christmas optimism has seized the SP since the newly reelected President met with Boehner, Pelosi etc., but will it last in the tough talks to come? TVIX is not for holding for long stretches, but if the tax, spend, and debt arguments in DC get mean again, TVIX may still be productive for short term plays on politically induced market swings.
    23 Nov 2012, 11:00 AM Reply Like
  • samrush
    , contributor
    Comments (116) | Send Message
     
    any one sees tvix going to 30-40 usd if a crash is on the way
    24 Nov 2012, 01:30 PM Reply Like
  • Freedoms Truth
    , contributor
    Comments (851) | Send Message
     
    We could have a nuclear war and the destruction of all life on earth and STILL TVIX wouldnt get back up to 30-40.

     

    TVIX is useless. UVXY does what it does and is $20, lots easier for short/long without inefficiencies of playing a 'penny stock' price.
    25 Nov 2012, 11:49 AM Reply Like
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