VelocityShares Daily Inverse VIX Short Term ETN (XIV)

[joezapp]

reflections311, it's because the indicative value was looking like it would get above 6 until the last few minutes. It will still be higher, though. This is basically like owning a call option expiring next Thursday. It has time premium that will erode. However, the underlying will likely continue upward in the near-term. That's why I still hold the option.