Adventureguy is off his meds again and back to his $250 ++++ predictions. This is always followed by a 20% drop in TVIX within 2 weeks. So PT is $3.02 by 5/17
There were a couple of posters who put some symbols on here earlier, they are gone now. But they were like "oooh XXX had a big miss, it will be down huge" I didn't recognize the symbols, so I looked at them and each one was down like 1 %. People are really reaching for a reason for this aerosolized fecal material to go up.
I would never own a dooms day ETN (ETF would be fine) without buying puts on common stock the issuer. It's like in 2008 when MBS or CDO swaps holders, needed to short the banks, to make sure they would get paid one way or another.
Don't look at the price of TVIX though when trying to find a short entry point. Only look at the VIX, since a high VIX is unsustainable. If you were to look at historical run ups, $10 from here on TVIX is a triple from the bottom and happens once or twice a year. $24 from here would be roughly 800% up which last happened in 2011. $30 from here would be a 2008 scenario, which is once in a generation.
Check out how steep the contango still is. Normally after a period of low volatility, as the VIX approaches 17 the futures start to flatten out. It hasn't flattened at all, it is still losing 24% to contango per month. Looks like we will see $2.5 in May.
I haven't had any skin in the game while this has lost the last 50%. I'll continue with my plan if it spikes higher. I feel like I have seen this movie before.