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VelocityShares Daily 2x VIX Sho (TVIX) Message Board

  • veloocity2000 veloocity2000 Jan 16, 2013 4:16 PM Flag

    NEXT MOVE IN TVIX is a word that also starts with the letter F but ends in R ... can you guess it?


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    • Hi James. 99.9% of the people who buys this don't read the perspectus or understand how vix etf work. I will give you a short run down. The fund sells feb vix future at $15.10 and buy march future for $17.1

      As you can see selling something for $15 and buy something $17 you will always lose money. That's called contango. The actual calculation is more complicated than that. Because depend on the date of the month. The fund will sell x% of feb future and buy x% of march future. Because by the expiration date of feb future the fund would own 100% march future and start the process of selling march and buy April.

      If you need a more detail explanation I can help. Or just google contango / backwardation. Good luck!

      Sentiment: Strong Sell

      • 1 Reply to osutai
      • Thanks for the great info, greatly appreciated.

        I watched TVIX for a while, but you never really watch something so closely as when you have it... Lesson learned.

        I thought TVIX may be a good hedge play, with the equities hitting close to record highs. I get its a lot to do with QE, but I thought for sure there are enough "problems" in the world to make this worth holding for (if nothing else) profit taking decline or market correction. But it just keeps going down... Is it only good / guaranteed for shorting? Is that the only way you make $$ on this POS???

        Thanks again! I won't keep nagging, just need to get my head around it and decide whether to get out now and take the losses, or wait it out in hope of some return.


    • Dude,

      New investor to this POS, and I can't sit down... Seriously, I thought the market was due a correction, and also the Debt Ceiling stuff coming up, but #$%$!! This POS just keeps heading South. Tell me, what does this actually track, other than being a direct money flow into CS bank account? I was lead to believe it tracked Options purchases, but do you know for sure???


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