2x long UVIX and -1x short SVIX volatility Exchange Traded Products are now live

Discussion in 'ETFs' started by Axon, Mar 30, 2022.

  1. Axon


    qwerty11 and KCalhoun like this.
  2. qwerty11


    Very good, hopefully the +/- 3x single stock ETFs are also introduced shortly!
  3. S2007S


    I have been seeing these possible new additions and hope they are pushed through and available for trading extremely soon. I think these will be extremely popular!!
  4. qwerty11


    And immediately options available, very nice!
    Axon likes this.
  5. nitrene


    Would a 50% drop in the VIX create havoc for the UVIX? Seems unlikely but if peace broke in Ukraine or if Putin died somehow it could happen.
  6. S2007S


    A 50% drop in 1 day???
  7. easymon1


    Gonna be a party at KC's tonite
  8. nitrene


    Seems unlikely but I found a few days where the VIX dropped intraday close to 40%, of course thanks to JPow et al.:

    3/23/2020 close 61.59
    3/24/2020 intraday low 36.24 (closed at 61.67)

    So intraday a theoretical drop of 41.15%. If the pricing is accurate on this ETN it would have been down 82.3%.

    You can imagine if the war ended & JPow stopped raising rates on the same day it could easily drop more than 50%.

    I remember around that time I was holding JNUG (3X Junior Goldminers) and it almost went to zero so Direxion redefined it as a 2X ETF the next day. The same with their Russian & Brazilian 3X ETFs.