WOW, Proshares reducing leverage on two volatility funds

Discussion in 'ETFs' started by Saltynuts, Mar 1, 2018.

  1. UVXY, long volatility, went from 2x to 1.5x. SVXY went from -1x short volatility to -.5x short.

    This seems incredible to me. wont they be suject to lawsuits for obvious reasons? what about those that purchased lawsuits before the change? do the options stay in place and the purchaers effectively get hosed?

  2. Robert Morse

    Robert Morse Sponsor

    Do you have a link to that news from the company?
  3. nursebee


  4. Robert Morse

    Robert Morse Sponsor

  5. newwurldmn


    Bob, are you guys increasing your margin on short VIX and short volatility positions?
  6. sprstpd


    I was looking at purchasing one of those lawsuits. I was lucky - I couldn't stomach the lawyer fees so I passed.
  7. zdreg


    old news.
    before starting a new thread you should check to see if there is an existing thread,
  8. Robert Morse

    Robert Morse Sponsor

    YES. Wedbush has. I will send you detail.
  9. JackRab


    Yeah... options holders are screwed... IV dropped 50% in SVXY and 25% on UVXY...

    I think OCC should have treated it as a corporate action since the effect in IV is logical and substantial. It's the options that are most affected by this....
    #10     Mar 1, 2018
    i960 likes this.