VelocityShares Daily 2x VIX ST ETN (TVIX)

[mattyw78]

Iran cuts off the UK and French oil over the weekend as well as warships going into the Mediterranean. This will no doubtingly send oil a few dollars a barrel higher at already dangerously high levels in foreign markets and Tuesday morning. These oil prices are approaching the "every ones attention" level of $110-$115 a barrel. Volatility will definitely be of higher concern Tuesday am. This oil story will turbo boost the volatility with a 'we need more time' outcome in Europe and will likely help offset a Europe 'here is your money' Greece outcome.

I held my TVIX position over the weekend as I see the upside from the below 20 level being so large I did not want to miss that moment with less shares. These big volatility 'moments' are fast approaching and there was no way I was going to be short over a 3-day weekend.