Buying the dip.
Sentiment: Strong Buy
It is a losing trade. VXX is safer, due to no leverage decay, and it is trading close to VXX.iv.
TVIX.iv is only $3.41. Why buy this at $3.90, with both contango and leverage decays.
I believe you are pumping this scam for shorting by yourself.
Sold at $4.17 made: $140, 3.47% return.