TVIX doesnt exist anymore, Credit Suisse suspended it
maybe you are thinking of UVXY
imo you are better off buying call options on VXX, but even then it is best used as a hedge unless you have godlike timing
going long on these velocity funds will most often lead to you losing money due to contango (these funds buy VIX futures, and unless there is a sudden market crash like in March, when they roll out their contracts the value of the fund perpetually decreases)
Last time I was in it was last February. Thanks for the update. I never saw the suspension news, but I follow it still and it has been trading every day?
Regardless, as you said, there are other avenues to play the downside.
TVIX doesnt exist anymore, Credit Suisse suspended it
maybe you are thinking of UVXY
imo you are better off buying call options on VXX, but even then it is best used as a hedge unless you have godlike timing
going long on these velocity funds will most often lead to you losing money due to contango (these funds buy VIX futures, and unless there is a sudden market crash like in March, when they roll out their contracts the value of the fund perpetually decreases)
like you said, it is best to get in and out quick
Last time I was in it was last February. Thanks for the update. I never saw the suspension news, but I follow it still and it has been trading every day?
Regardless, as you said, there are other avenues to play the downside.