Today is one of the days ...
The VIX spot went up 40% yet SVXY fell only 15% .. This shows the strength of SVXY .. when VIX spot spikes, the futures go into backwardation protecting the SVXY from dropping as much as VIX spot hike.
I think VIX spot will come down and SVXY will go up from current levels and I have added more XIV in my retirement accounts also now and that will stay for a long time!!
why have you chosen XIV for your retirement account instead of SVXY? What do you see as the differences between the two and how does your approach differ for using each product?
Yep, I added more. And will continue to add more on any dips like this.
Even if VIX is at 100 after 10 years, I will come out ahead with gains on XIV and SVXY. I believe in the long term gains of SVXY and its term structure. That said, it will take these shaft downs once in a while .. which is fine with me as I am holding this for a real long term like 10 years or so!
And I am fairly confident SVXY will make new all time highs in TIME!