Another skewed week for XIV... In a normal year with the type of S&P performance and the type of volatility we had XIV should be at $50 but instead hear we sit under $35 watching the S&P close at all time highs once again. VXX has even acted better than XIV in 2014 and they even have to deal with options which skew things big time.
Market has already recovered all its losses and XIV is still 20% lower. XIV doesnt shoot higher till after the market closes today. This product is so skewed now its ridiculous. We are entering the least volatile week of the year so XIV should have already cleared $34 today on its way to $40 by the end of the year.