If the VIX is in contango, which is the norm, it can have an effect on TVIX prices daily, depends on the curve. But if the VIX is in contango and the VIX rolls to next month, generally speaking the curve will increase, which will have a greater effect on TVIX prices.
I've seen traders set target buys on TVIX, but they fail to mention what if that target hits before the roll? Yikes!
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