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Heads up on SVXY

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mholstius

Posts: 76

Joined: 6/15/2011

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Subject : Heads up on SVXY
Posted : 2/23/2018 2:55 PM
Post #29878

Just wanted to give everyone a "heads up" about SVXY.

I noticed I was getting some statistics that were worse than I expected for the recent DD at the beginning of the month.

After checking, I found that an Omniscan I used included SVXY (Proshares Short VIX Short-term) - and it had an extreme move down from $120 on 2/1/18 to $12 just 3 days later. A 90% loss...



If you're using it in a list, you may want to keep an eye out for the outsized effect it may have on your statistics.

Hope nobody had a large long position in it, too...

Mark


Attached file : SVXY.jpg (103KB - 438 downloads)



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