TVIX, UVXY - the horror...of the decay

With the indexs breaking above key resistance, and the VIX falling 12% into the mid 15s, both the 2x leveraged VIX (long) instruments felt the hammer of destruction today.


TVIX, daily

UVXY, daily

Summary

What more can be said..other than....'urgh'.
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The decay remains an absolute horror story for both of these leveraged stocks, and again I'd refer anyone to page'1 of the prospectus for both TVIX and UVXY.

*A reverse split seems likely at some 'imminent' time, probably a 1 for 10.

Both TVIX and UVXY have their legitimate uses in this market, but arguably for 'day traders' only.