gfp: If the market rallies the VIX will drop by half or more. So the potential gain is much greater. Looking t the chart it is not hard to see SVIX going up to the $18-$20 area in a relatively short time. Sell offs like the one we had are emotion driven animals. A week of trending upward and the buy the dip FOMO investors will come back in. If SVIX can get back up to $18-$20 I'll cash out and wait for the next trading opportunity.