2x long UVIX and -1x short SVIX volatility Exchange Traded Products are now live

[Axon]

If you've been waiting for the triumphant return of XIV and TVIX only better you're in luck because the loooooooong delayed -1x inverse SVIX and 2x long UVIX have finally been officially listed.

https://www.yahoo.com/now/volatility-shares-launches-2x-long-131400266.html

 

[qwerty11]

Very good, hopefully the +/- 3x single stock ETFs are also introduced shortly!

 

[S2007S]

Very good, hopefully the +/- 3x single stock ETFs are also introduced shortly!

I have been seeing these possible new additions and hope they are pushed through and available for trading extremely soon. I think these will be extremely popular!!

 

[qwerty11]

And immediately options available, very nice!

 

[nitrene]

Would a 50% drop in the VIX create havoc for the UVIX? Seems unlikely but if peace broke in Ukraine or if Putin died somehow it could happen.

 

[S2007S]

Would a 50% drop in the VIX create havoc for the UVIX? Seems unlikely but if peace broke in Ukraine or if Putin died somehow it could happen.

A 50% drop in 1 day???

 

[easymon1]

TVIX only better

Gonna be a party at KC's tonite

 

[nitrene]

A 50% drop in 1 day???

Seems unlikely but I found a few days where the VIX dropped intraday close to 40%, of course thanks to JPow et al.:

3/23/2020 close 61.59
3/24/2020 intraday low 36.24 (closed at 61.67)

So intraday a theoretical drop of 41.15%. If the pricing is accurate on this ETN it would have been down 82.3%.

You can imagine if the war ended & JPow stopped raising rates on the same day it could easily drop more than 50%.

I remember around that time I was holding JNUG (3X Junior Goldminers) and it almost went to zero so Direxion redefined it as a 2X ETF the next day. The same with their Russian & Brazilian 3X ETFs.