This definitely has legs. Although I will not do it because I got a fresh reminder the other day, anyone with *&$@ of steel could hold this through Christmas and possible to New Years, betting on the ineptness of the cliff talks and counting on the fact that both sides already know it is going over the edge.
Heck of a marathoner too! You bought TVIX over ONE THOUSAND dollars per share. ONE THOUSAND. You need the VIX to hit at least 2000 just to break even. You are one heck of a great marathoner and also a fine, high class citizen to be on here preaching hate of Obama and the government and threatening people who disagree with you. A really classy way to behave, your friends and family must be really proud of that. Hey ma, I hate the government, I hate the president, some people disagreed with me spewing hate so I threatened them.
The VIX is over 17 now. Not the time to be buying this POS in my opinion. Everyone already knows about the cliff so unless something very shocking happens this will sell off. Expect them to kick that can right down the road.