XIV and SVXY: possible liquidation by issuer

S2007S said:
Should be interesting to see where it opens tomorrow...it's already down 80% after hours...never seen anything like that before....I read that the xiv was a very highly traded vehicle....I'm extremely tempted to buy but will hold out until tomorrow...if anything shorting volatility is going to be extremely profitable in the next few days!!
More...

I wouldnt buy the nav is like 4 dollars
 
I wanna write this as a word of warning to people, i damn near blew out today with these moves on the volatility instrument, it started as something where i was going to be willing to take 10k of risk on the VXX short, cause i thought 2700 would hold up on the ES, i cant remember where i started probably like high 39's, 39.80, or something, then i added, and i added, and i added, then when the ES puked, suddenly all these volatility ETF's locked up and i lost the ability to cancel orders and send new onees, Got triple filled, and then I was short 22k shares of VXX at one point thinking i was going to blow out i was trying to punch out but my software wouldnt take those orders either, and thankfully it came all the way back down and i finished down a thousand bucks, but if it had went parabolic to 60 at that point which is what it did afterhours, i would have been on the breadlines looking for work, it was very close to a problem i couldnt fix, point is dont trade size when volatility gets that insane, especially when it appears to be a glitch in the matrix.
 
Last edited:
I shorted some XIV below $17 in the after hours.

For me the $4.22 "closing indicative value" on the VelocityShares web site
http://www.velocitysharesetns.com/xiv
is more important than the possibility of liquidation / termination.

It appears that VelocityShares have covered a lot of their short VIX position, and in doing so, the net assets has declined substantially.

Assuming the $4.22 value is correct, then I've shorted XIV at more than 3 times the value of the underlying. A liquidation / termination would just be an added bonus.

.
 
Max E. said:
I wanna write this as a word of warning to people, i damn near blew out today with these moves on the volatility instrument, it started as something where i was going to be willing to take 10k of risk on the VXX short, cause i thought 2700 would hold up on the ES, i cant remember where i started probably like high 39's, 39.80, or something, then i added, and i added, and i added, then when the ES puked, suddenly all these volatility ETF's locked up and i lost the ability to cancel orders and send new onees, I was short 22k shares of VXX at one point thinking i was going to blow out i was trying to punch out but my software wouldnt take those orders either, and thankfully it came all the way back down and i finished down a thousand bucks, but if it had went parabolic to 60 at that point which is what it did afterhours, i would have been on the breadlines looking for work, it was very close to a problem i couldnt fix, point is dont trade size when volatility gets that insane.
More...

Sorry to read your story. I trade volatility, but at any time VIX hits 25, I am on the sidelines.

Cash is a position.
 
beerntrading said:
Judging by the number of VIX (XIV, SVXY...) threads on here today (6, I think this one is), I suspect there's a lot of ETers hurtin' this afternoon.
More...

And a lot of those who TP'ed too early (myself included) cursing themselves for missing on the massive profit that one dreams about all the time. When those massive profit opps finally present themselves there, we are not there. F***!!!!!!!!!!!!!!
 
lindq said:
I certainly hope not! It has been my bread-and-butter for 2 years.
More...


I used to trade xiv like crazy back in the day.... haven't in a long time but tomorrow I might see where it goes for a trade. ..
 
You must log in or register to reply here.
Back
Top