Hi everyone, my question is related to SVXY - I'm well aware of its mechanics, but I was looking at specific scenario... Let's suppose we see something of a -80% or -85% drawdown in SVXY in the future (simulated 2008 had a -90% DD). 1) Are there any risks in establishing a long stock position? 2) Is there a more "efficient" way to fade VIX spike/Elevated VIX? Even with long stock - timing is everything (-80% DD vs -90%DD translates into 5x vs 10x difference in return, if rebounds back to ATH). Long ATM calls could be a possibility, but then we would also need to combine the ETF price with its IV... I appreciate any input.