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XIV And SVXY Trading Halted

Summary

Nervous day for volatility traders.

I tend to buy a bit of SVXY on serious downward spikes. Imagine my surprise when this morning I was unable to get a quote.

It is largely because of those warnings, particularly the explanations of how and why it might occur, that I did not face an surprisingly large financial event this morning.

Disclosure: I am/we are long SVXY.

Additional disclosure: I bought a bit on the downturn yesterday as I normally would.