Does anyone have a feel for how high TVIX could go….ballpark figure….if say, the VIX were to go to 60? I am short TVIX, not that much, but wondering if I should take the loss and end the pain before it gets any worse. The thing I really dislike about TVIX is that there are no options traded on it to hedge with.
TVIX going to $500-$1,000 seems a little farfetched to me but appreciate the opinion….even if TVIX went up 16X from its $15.65 low, wouldn’t that still be just $250 per share? I could believe $200-$250 as worst case. Think I’m going to put in a stop order for half of my TVIX position (so I can sleep better at night) but wish I could buy $100 calls instead as a hedge. When VXX was around $40 I bought some of the October $50 calls to hedge my VXX short, then on Friday sold half the calls for 165% gain when VXX hit $50.