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VelocityShares Daily 2x VIX ST ETN Message Board

  • bustin_ur_chops bustin_ur_chops Apr 2, 2013 9:09 AM Flag

    how TVIX works

    Various comments from yesterday display a continuing misundertanding of this instrument:

    Where is the SEC?

    The VIX is up 81 cents and this is a 2X fund. It should be way up??? This is insane.

    I thought this reverse follows S&P 500, I read that in prospectus.

    Just curious if anyone knows why TVIX is not keeping up with TZA as the market drops today?

    With S&P down 9.5 TVIX should be up .18

    This is not trading per its formula ???

    If this is the case the fund manager should be terminated for rolling over to a contact that is almost impossible to catch up without a counter leverage.

    Where are these prices coming from 12.70 to 14.19??? Is it like a Car's retail sticker price. Who would buy that fantasy number. No one pays that price, so bet against it and the fund manager takes all his customers to zero...right?

    ``````

    TVIX does NOT follow the VIX nor the SPY nor the Treasuries. It is a note whose value is based upon a complex mathematical algorithm that simulates a basket of front two months VIX futures that roll on a daily basis during each futures cycles.

    to be continued...

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TVIX
1.33-0.03(-2.21%)Jul 25 4:00 PMEDT