TVIX, daily
UVXY, daily
Summary
*first, an update on the VIX, which saw a net weekly gain of 8.1%
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As for TVIX and UVXY, most notable this week... new historic lows early Thursday, a major reversal (due to a spooky Deutsche Bank news story), but then renewed cooling into the weekend.
The underlying problem of statistical decay should remain clear.
For the more adept day-traders out there, such instruments can be used, but holding overnight, or across multiple weeks.... that almost always ends badly.
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Yours truly continues to see the VIX-long trade as dead... with zero intention of being long volatility until at least late spring 2017. That view only changes if the market breaks below sp'2050, which really doesn't look likely.
