SVIX....not pretty, but she's got potentialThe VIX has been a wild one today and a little unpredictable to say the least. Fortunately, what goes up must come down. I'm talking about the VIX! SVIX is the inverse ETF of VIX. When the VIX falls, SVIX spikes. We can see that happening multiple times over the last few weeks. This is a very nice opportunity to get in. The probability of the VIX staying at these levels is extremely low as it would have already be priced in so volatility will drop.
This is an early Xmas gift in an awful environment. I'm wrong about 20% of the time, but this looks like a nice set-up and hopefully people can benefit from this easy trade.
Best of luck!
