TVIX, daily
UVXY, daily
Summary
*first, an update on the VIX, which saw a net weekly decline of -18.6%.
VIX looks set to remain subdued for some weeks as the sp'500 battles into the 2120/30s. There is viable 'algo bot slow grind' all the way into June... when there remains the first real threat of a Fed rate rise.
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As for TVIX and UVXY.. they remain train wrecks for anyone holding longer than a few weeks.
There was a notable UVXY option trade today... see the following Friday update from Mr T.
A huge trade (120,000 x $510 per contract = $61.2 million), and considering the perpetual decay issue, it should be very profitable by mid 2016.
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In terms of TVIX/UVXY in the near term... further declines seem likely as the broader US/world equity markets continue to break new highs. Seasonally, there is a chance for the Volatility bulls across May-June.
