Hey Guys, It Looks Like XIV Is Done. The Short Vol. Products Are Toast.

Hey Guys, It Looks Like XIV Is Done. The Short Vol. Products Are Toast.

Hey guys? XIV looks like it might be done. It's down 80% AH. This looks like the termination event everyone has been warning about for months and months and months on end. https://twitter.com/polan13/status/960631111465426944 https://twitter.com/sentimentrader/status/960647049141260289 The VIX was up 100% at one point during the session - the most on record. Recall this from Peter Tchir: XIV terminates if the underlying index is down 80% in a day.  Poof.  Gone.  It will pay cash at
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17 thoughts on “Hey Guys, It Looks Like XIV Is Done. The Short Vol. Products Are Toast.

  1. I have 10 of these, showing $19,500.00 value in my account:

    ***BARCLAYS BANK PLC IPATH S&P 500 VIX SHORT TERM FUTURES ETN DUE JNURY 30 2019 FEB-18 $31.00 CALL
    (VXX Feb 09 ’18 $31 Call)

    Can someone tell me what happens to it tomorrow?

    1. They’re having a few “after hours” meetings I guess. No one knows. Vix futures are not for the faint of heart. You sell short volatility, you owe money if it explodes. Hopefully if I understand things right then you are lucky if it just wipes that out.

  2. Not sure how you came up, “cue Pac”, but I looked it up, found the lyrics, listened twice, then found a clue to what it means to, “pour out a little liquor”.. Interesting reference (RIP, I didn’t get..). Thx for the crossref.

    Gives me a clue to my 9th grader’s aspirations too.. They say, “Thug’s life”, I say, “Bug’s life?”
    Call-n-Response.

  3. It’s always a hoot when those in la-la land find out that that beach they have been strolling on after too many mai tais turns out to be infested with body-boring worms .But(!) having your ass handed to your blind hands because your face just got ripped off must be quite-an-experience. So I guess, the worms are rather smallish.

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