Idea I think is to use VXX options instead. VXX/XIV: VXX has the options. VXZ/ZIV: VXZ has the options.
Okay but the point is that these options decay- I'm not too interested in getting a call option VXX seeing as how rapidly they die
Update: But you can't hold SVXY in an IRA, at least not at IB. Suggestions? Discount brokers that offer it? Which ones? Think or Swim? Tasty Trade? Altenatatives for short vol hedged with calls in an IRA?