XIV and SVXY: possible liquidation by issuer

For the specifics you would need to keep an eye on the OCC web site to find out about exercise/assignment, and any autoassignment that may or may not occur.
 
m22au said:
For the specifics you would need to keep an eye on the OCC web site to find out about exercise/assignment, and any autoassignment that may or may not occur.
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Would suck if a guy sold a put spread, and the options don't trade anymore so maybe no autoassignment as there is no value to the underlying anymore (not zero), but the other guy who holds the long put assigns on him and he loses the full amount versus the hedged amount because he didn't exercise his long put side thinking it was automatic.
 
beefcaketrade said:
Would suck if a guy sold a put spread, and the options don't trade anymore so maybe no autoassignment as there is no value to the underlying anymore (not zero), but the other guy who holds the long put assigns on him and he loses the full amount versus the hedged amount because he didn't exercise his long put side thinking it was automatic.
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Yes, it's probably safer to manually exercise options at expiry rather than rely upon autoexpiry

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S2007S said:
Amazing....you can't short VXX .....simply Fu©king amazing.....

I tried in 2 sepersep accounts...

That is literally free money after the vix collapses!!!!
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VXX puts. A safer play, anyway.
 
CREDIT SUISSE REPORTS EVENT ACCELERATION OF XIV ETNS XIV
*CREDIT SUISSE AG ACCELERATION DATE IS EXPECTED TO BE FEB. 21
The last trading day for $XIV is expected to be Feb. 20, 2018. CS is not issuing new units of $XIV

https://twitter dot com/t3live/status/960880833950289921

https://www.credit-suisse dot com/pwp/cc/doc/credit_suisse_age_event_acceleration_xiv_etns.pdf

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