If it happens in next 6 weeks I say vxx 36 UVXY 140. If SPX hits 1150 in 2017 xiv is at 3 then we ride to $100 over next decade.
Is that a serious answer my friend? It's going to double twice in 2 years? Can you walk Me through the math? If Grantham and Hussman are correct and the market drops to 1100 in 2017 how would that change your opinion? Thanks man, appreciate you.
Something is off. SPY has added 17 bucks since Monday lows and VXX has barely dropped. Could get ugly again soon.
They added to uvxy short all the way down. One of them had original cost basis of 100 and sold a ton in 20s to get cost all the way to low 30s. Monday morning his account went from 200k week before to -50k. They want their pound of flesh and he ain't got it so he's headed to bankruptcy. He complains because they closed him out at 72 and UVXY hit 45 that day but that's their prerogative.
If a 150 print would keep you from sleeping at night, get out
What are you talking about? Futures are down less than 1%. Admittedly, there is a chance UVXY is going to $200 per share.
to play devil's advocate, in 2011 TVIX went up more than 7 times in price and bankrupted many shorts in the process. There is no way to rule that out at this time.
If futures close that gap to 24, UVXY go up another 75%.