Replies to post #29213 on VelocityShares Daily 2x VIX ST ETN (TVIX)

[ArtieB]

Why would it matter? S&P lost 11pts and this did nothing. $20 target at S&P 1800?

What theft...

VC

[ChrisJP]

Hi amikik, the big problem is what happens to $TVIX while you're waiting for the market to make a sudden move to the downside.

And then you have to ask yourself what would cause a sudden move to the downside. The Fed has made it clear they won't cause it for the next 3 months at least.

Maybe cascading bank failures in Europe ? Or Oil diving below $35 ?

Anyway -- to answer your question, TVIX is dependent on the VIX not the S&P 500. But I'd say that a quick 100 pt drop in the S&P 500 could cause TVIX to nearly double and a 200 pt drop would cause it to triple or even quadruple.

Chris

[Diogenes of Sinope]

I've been here long enough to know and accept the fact that nobody truly can peg how and when this moves.

Respectfully to all---Listen only to yourself.

It's your hard earned money.

GLTU/A!