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I just don't get it. Broken? The darn thing has done almost exactly what it was designed to do. VIX futures went up after hours, way up, and XIV went way dow
by hcknwscommenter 9y ago
I just don't get it. Broken? The darn thing has done almost exactly what it was designed to do. VIX futures went up after hours, way up, and XIV went way down. That is how an inverse VIX futures product is supposed to work. I would buy some right now if they hadn't announced liquidation.
People are acting like the ability of a product to go to zero, or close to it, should be a deal breaker, i.e., that such products should not exist. That is crazy. Individual common stocks go to zero (bankruptcy) all the time.