To answer you questions backwards I expected them both to shut down. I am surprised Svxy didn't shut down also.
You want to buy this when VIX peaks and sell when VIX bottoms. That is why I didn't buy any in the last 6 months even though the market looked good. The VIX went back down a lot today and the only reason SVXY did not go up is because it is still in backwardation. Www.vixcentral.com
You.have less to lose going forward buying this at 12 than at 30.
I didn't realize XIV traded at all today. I thought they would keep trading halted and just pay everyone NAV in a few weeks.
Brave would have been buying the 1,000 shares I was tempted to buy which would have been my usual starting allocation to a new AIM account.( $10,000 + - ). As it is I will not be able to AIM this.
I will think about selling with VIX < 15
TOOFUZZY
Take the road less traveled. It will make all the difference.
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