While UVXY tested the bottom 6 times!
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The Equivalent of a Hydrogen Bomb Blowing UP!
...imply that the overall volatility vega could be $10 billion or substantially higher. Such exposure would lead to dramatic moves in the overall market if the next VIX spike or 5 or more vol points does not suddenly reverse and "fill the gap" as has been largely the case on most previously similar episodes.
www.zerohedge.com/ne...rce-concern-vix-etfs
...imply that the overall volatility vega could be $10 billion or substantially higher. Such exposure would lead to dramatic moves in the overall market if the next VIX spike or 5 or more vol points does not suddenly reverse and "fill the gap" as has been largely the case on most previously similar episodes.
www.zerohedge.com/ne...rce-concern-vix-etfs
Rush for the SINGLE tiny fire exit when you smell the smoke and
Not when you see the fire as it would be the last time you see...