Replies to post #34380 on VelocityShares Daily 2x VIX ST ETN (TVIX)

[Citrati]

i don't think it is meaningful to us because April 14 is the rollover to the May 19 contract and is not an actual daily/premarket change for the $vix volatility index. The 14.78 is for the VIX future contract not the volatility index. The April futures contract expired and a new contract is beginning. At least that is my understanding of how the futures rollover contract works.
Do your own dd as I have been wrong before.
IMO it is comparable to the difference in gold spot price and gold futures prices when the futures price rolls over.

https://sixfigureinvesting.com/2010/01/vix-option-expiration-dates-2010/