XIV and SVXY: possible liquidation by issuer

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

  1. m22au

    m22au

    For the specifics you would need to keep an eye on the OCC web site to find out about exercise/assignment, and any autoassignment that may or may not occur.
     
    #61     Feb 6, 2018
  2. Would suck if a guy sold a put spread, and the options don't trade anymore so maybe no autoassignment as there is no value to the underlying anymore (not zero), but the other guy who holds the long put assigns on him and he loses the full amount versus the hedged amount because he didn't exercise his long put side thinking it was automatic.
     
    #62     Feb 6, 2018
  3. m22au

    m22au

    Yes, it's probably safer to manually exercise options at expiry rather than rely upon autoexpiry

    .
     
    #63     Feb 6, 2018
  4. Visaria

    Visaria

    Afaik, theres no termination for svxy etc.
     
    #64     Feb 6, 2018
    MoreLeverage likes this.
  5. m22au

    m22au

    #65     Feb 6, 2018
  6. lindq

    lindq

    VXX puts. A safer play, anyway.
     
    #66     Feb 6, 2018
  7. m22au

    m22au

    #67     Feb 6, 2018
  8. m22au

    m22au

    #68     Feb 6, 2018
  9. m22au

    m22au

    CREDIT SUISSE REPORTS EVENT ACCELERATION OF XIV ETNS XIV
    *CREDIT SUISSE AG ACCELERATION DATE IS EXPECTED TO BE FEB. 21
    The last trading day for $XIV is expected to be Feb. 20, 2018. CS is not issuing new units of $XIV

    https://twitter dot com/t3live/status/960880833950289921

    https://www.credit-suisse dot com/pwp/cc/doc/credit_suisse_age_event_acceleration_xiv_etns.pdf

    .
     
    Last edited: Feb 6, 2018
    #69     Feb 6, 2018
  10. Overnight

    Overnight

    #70     Feb 6, 2018