XIV and SVXY: possible liquidation by issuer

Discussion in 'ETFs' started by m22au, Feb 5, 2018.

  1. What's the best (free) site for tracking legitimate pricing after hours? I'm sick of yahoo!.
    #51     Feb 5, 2018
  2. S2007S


    Based on a beta of -0.46 to the VIX Index, the VIX would have to increase 217.4% in a single trading day for XIV and SVXY to fall to $0. For XIV to fall 80%, the VIX would have to increase by 173.9% in a single trading day. These figures are hypothetical and based on the historical betas of XIV and SVXY.

    #52     Feb 5, 2018
  3. srinir


    #53     Feb 5, 2018
  4. m22au


    "Volatility Jump Has Traders Asking About VIX Note Poison Pill"

    #54     Feb 5, 2018
  5. m22au


    #55     Feb 6, 2018
  6. m22au


    #56     Feb 6, 2018
  7. What happens to long & short option holders of these products if they are 'terminated'?

    What value do you base on in terms of determining P&L or assignment risk? Just assume they are $0?
    #57     Feb 6, 2018
  8. m22au


    It's likely to be the same as any other stock that is cancelled. Calls are not exercised. Puts are exercised and the put holder delivers zero/nothing to the put seller.

    #58     Feb 6, 2018
  9. The value of the strike of the put still matters though right?

    If someone sold say a naked $50 put on the XIV, he gets ~$5K loss?

    If someone sold a short $50 long $30 put credit spread, then he loses ~$2K?

    Also, is it still autoassignment of options if the underlying delists? Assuming none of those stocks are going to trade again starting today, that means options market closed too and you're locked in right away?
    #59     Feb 6, 2018
  10. S2007S


    Amazing....you can't short VXX .....simply Fu©king amazing.....

    I tried in 2 sepersep accounts...

    That is literally free money after the vix collapses!!!!
    #60     Feb 6, 2018