You must be new here... Stage 1? This is not just TVIX low for the day, but pretty much TVIX low for the last five years. Nothing new about that, however. TVIX is usually at its all-time low.
I'll my thanks to that expression of good will ~ it's way more fun than a lot of angry red thumbs.
Somebody already mentioned they're changing TVIX ticker to SKRZ, and the note will be renamed "Daily 2x AAPL"... i wonder why so many sukrz who land on this trade subliminally censor the part where it says "Daily"?
Samsung stuck a camera to a cell phone around the turn of the century. In 2006, when I worked for them, they still had "fusion" banners flying all over the Yongin R&D campus, and literally hundreds of engineering teams trying to think of something else you could stick to a phone ~ the camera-phone was that successful. Not much later Apple glued a PDA to a camera-phone and called it "iPhone". I reckon Apple will think of something else they can glue to a phone, as people get tired of phablets and the cycle will renew itself. Apple has more money than most countries, and i wouldn't worry about them too much.
The market doesn't need to go higher for TVIX to erode quickly for the fourth time since 2011. As long as the market runs flat within 6% of the median - say 1850~2100 - and fear remains range bound, TVIX is likely to trade under $1 long before Christmas ~ and of course do that RS tango, baby one more time.
Everybody seems to have one, every day: TVIX will open above $4; TVIX will pop to $250; the market will crash; S&P under 1800; the FED will raise in April... it goes on and on. Who wants to bet TVIX will trade with a $2 handle by June?
Apple would have to do a lot worse than disappoint for TVIX to overcome it's built-in downward momentum.
(As we say in the trade)
TVIX closed at $3.56 (up 0.56%) today so i'm not bashing it anymore. It's still trading near its 370-week, all-time low... TVIX is obviously a buying opportunity that the big boys have missed. Back up the trailer - Load the boat traders! GLTA
Not manipulation here. The note is designed to erode quickly, so you cannot compare share price this week (against VIX futures) to last week... in fact, you shouldn't even rely on daily comparisons. However, you SHOULD read the prospectus before buying a CS leveraged note.
Clearwater you are one of my favorite nutcases - i just want you to know that. In response to your paranoid-schizoid innuendo, I "utilize" literally dozens of IDs just to enervate you, and I am so stupid that I'm given to "bashing" a derivative note without fundamentals, entirely managed by arbitrage trading, in the delusion that I can possibly impact its share price.
If the markets implode, TVIX will fly for a few days (that happens maybe once a year) then crash back to zero like it always does. Gravity rules.
Yeah poor guy probably bought TVIX after reading message posts about how the note might actually pop (briefly) for the fifth time in as many years, and especially since the market is crashing (or if it's not crashing, well it should be...).