Ramie 1:27 pm on Monday, February 5, 2018

SVXY after hours

Trading in the low 40s.
VIX futures in strong backwardation:

hcgdavis 1:51 pm on Monday, February 5, 2018

Thanks!
Mike 2:08 pm on Monday, February 5, 2018

SVXY is trading at $36 after hours
john4419 2:30 pm on Monday, February 5, 2018

Now under 20:00
Mike 2:40 pm on Monday, February 5, 2018

I am curious, what is the true risk of SVXY, other than getting assigned? Is this products subject to cancellation, etc…?
Otherwise, you can sell all the puts you can tomorrow and just hold for a while.
Am I missing something?
- hcgdavis 3:04 pm on Monday, February 5, 2018
  
  Yes it can be liquidated but we are up 20 on the /ES after hours.
- hcgdavis 3:15 pm on Monday, February 5, 2018
  
  I think that is after hours printing.
  
  The /vx/VXX is already reversing which means SVXY will be going back up. It closed at 70. I think this is some prints with market makers taking advantage of people stressing about getting out of positions.
  - Ramie 3:32 pm on Monday, February 5, 2018
    
    Agree. UVXY is up 26% a/h. Implies 13% down for SVXY not the 85% it’s showing. Someone is gonna make a fortune on the open tomorrow. Huge dislocation.
    - Mike 3:41 pm on Monday, February 5, 2018
      
      What would be a theoretical price to sell SVXY Jan2018 $10 puts on the open tomorrow? You can put an order in and see if it fills. 🙂

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