With the US equity market flooring at the Monday open, and pushing higher across the week, the VIX cooled from 20.55 to the 15.47. The 2x lev' bullish VIX instruments of TVIX and UVXY saw net weekly declines of -22.6% and -22.7% respectively. Broad decay into year end is due.. with new historic lows.
*first, an update on the VIX, which saw a net weekly decline of -23.0%
As for TVIX/UVXY, last week's gains have been almost entirely negated.
New historic lows look due before year end... and that even allows for another brief foray to VIX 20 in December.
As with almost all leveraged instruments, holding across multiple weeks usually ends very badly.