TVIX, UVXY - forever...decaying

A lousy week for the bears, and again another major pain for those holding the VIX instruments TVIX and UVXY. Both continue to see significant decay, and hit historic lows.


TVIX, daily

UVXY, daily

Summary

Little needs to be said. With the VIX back in the 16s, both leveraged VIX bullish instruments saw further falls.

It will doubtless be the case that both TVIX and UVXY will imminently see a reverse split, probably a 1 for 10 for TVIX, and a 1 for 5 for UVXY.

Simply...dreadful.