I bought VIX puts, come take a look!!!!!!!

can you please tell me more about XIV? Is it related to a specific futures product or is it its own product? I imagine if you are long calls in this, you have a bearish outlook on the VIX? How does XIV settle? thnx
 
I'd like to check my account value please. What are those VIX Sept 11 puts looking like. I saw a guy smoking a cigar drive by with a new boat called "Long VIX Calls." Do you know him.

JK
 
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