With the DOW and SPX down you would expect the SVXY to be down more than it is. The largest open interest is at the 50 put and then the 52 put. I think they are trying to pin it above 50 and perhaps 52.
With the DOW and SPX down you would expect the SVXY to be down more than it is. The largest open interest is at the 50 put and then the 52 put. I think they are trying to pin it above 50 and perhaps 52.