Avoid SVIX for nowAs term structure is still flattish, and momentum for compression has already slowed. Best to avoid SVIX until few days after at least
Key stats
About VS TR -1x Short VIX Futures ETF
Expense ratio
1.47%
Home page
Inception date
Mar 28, 2022
SVIX offers daily inverse exposure to short-term VIX futures, designed to capture the implied volatility of the S&P 500, in a commodity pool wrapper. As a daily inverse product, SVIX is designed as a short-term trading tool and not a long-term investment vehicle. Returns over holding periods greater than one day can be, and often are, significantly different from -1x. Like its peer products, SVIX does not deliver inverse returns on the VIX index itself, but on front- and second-month futures contracts that are rolled daily. Structured as a commodity pool, investors will get K-1 at tax time but avoid the counterparty risk of an exchange-traded note.
Classification
What's in the fund
Exposure type
Cash
Mutual fund
Bonds, Cash & Other100.00%
Cash63.47%
Mutual fund36.40%
Rights & Warrants0.13%
Was a big dropThis the ETF that shorts VIX. I bought this on Friday. Still a good entry point if it doesn't open with a big gap up on Monday, which I don't it happens. SL at 28, tp 35 or even more.
SVIX | SPY Comparison Expecting one more for both 🔮AMEX:SVIX AMEX:SPY SP:SPX CAPITALCOM:US500 CME_MINI:ES1!
SVIX bear flagging and consolidating in a bear flag. SPY doing the same. Wave 5 next targeting new lows followed by a big bounce.
SXIV chart has formed as one big butterfly pattern! In a real case of harmonics chart art, the SVIX entire trading history since launch has built up into a big butterfly pattern.
Really interesting chart and worth bookmarking so we can see how the pattern plays out.
Common sense considerations here;
Charting derivatives has a lot more variance
SVXY - Massively Overbought - Low VolumeEveryone thinks shorting VIX is a good idea. Until it's too late. VOLATILITY TO SURGE.
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Displays a symbol's price movements over previous years to identify recurring trends.