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VelocityShares Daily 2x VIX ST ETN Message Board

  • ekschosn1 ekschosn1 May 15, 2014 10:12 AM Flag

    VIX up 9%.. TVIX up only 3 ??

    Shouldnt we be up 18%

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    • "Shouldnt we be up 18%"

      No, TVIX is NOT correlated to spot VIX but to the front two months VIX futures.

      Delayed quotes from CBOE

      Symbol Last Chg
      VIX 13.36 +1.19
      VX K4-CF 13.80 +0.55
      VX M4-CF 14.98 +0.23

      from velocitysharesetns dotcom slash tvix

      TVIX is comprised of 19% May futures and 81% June futures.

      The IV, indicative value, of TVIX will change:

      (.19 * percent change K4 (May futures) + (.81 * percent change M4)

      However, TVIX trades at a fluctuating premium to its IV but will have a percentage change somewhat similar to the percentage change of its IV. The TVIX IV is no longer published real time but is updated each evening on the velocity shares website.

      The percentage change of TVIX-IV is identical to that of the move of UVXY-IV which is published realtime and updated every 15 seconds.

      TVIX is NOT a scam!

      Math is kewl!

      Bustin

 
TVIX
3.65-0.10(-2.67%)9:55 AMEDT