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EVERYONE knew the low volatility trade would blow up at some point.
Exactly when is always the issue. I'm sure there were quite a few false starts , that if you put on a bet, you would have lost big money.
And by the time it really hits the fan , everyone except a very few are gun shy.
No one said it was easy.
That said, those that got carried out, are no better than the guy who runs $2 to $20,000 and then blows it all on the last race.
They may even be worse. In one day at the track, you can get caught up in the excitement of the moment, "vol" sellers had YEARS to get smart. I assume many did and only a few greedy types blew up.
So much for Yahoo Finance who has this as the XIV data two days later
Net Assets 1.86B
NAV 123.93
Todays close is 5.95, give or take a dime
Last edited by AltonKelsey; 02-07-2018 at 11:57 PM.
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