VelocityShares Daily 2x VIX ST ETN (TVIX)

[TheWallStreetPoet]

VIX tidbit "Friday's reading for the put/call ratio of the VIX soared to 158%. A high reading means far too many puts are being bought relative to calls. It's a lopsided bet on a lower VIX (and presumably a higher stock market). Stop for a minute and digest this. When the VIX was in the 20s, folks did not load up on puts, but here at 11.7 they are loading up on puts, enough to push that ratio over 100%. I know -- I find that shocking."

"Looking back over the last 15 months I discovered the put/call ratio for the VIX has been over 100% 11 times, two of which were consecutive days. What surprised me was that every single time, the S&P fell by at least 1% sometime in the ensuing 3-5 trading days. This does not mean we had a down day that totaled 1%. Sometimes it was a few days that totaled it up, but I couldn't find one example where it didn't happen."