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Opinions John DeGoey
Credit Suisse VelocityShares Daily 2x VIX Short Term TVIXCOMMENTNov 11, 2019
He always avoids the VIX. But you're probably buying it now at a low point. Volatility is probably returning. Caveat: watch this every day so you can sell it at a day's notice. He's not comfortable using TVIX.
$8.14
Stock price when the opinion was issued
$0.07
As of Oct 30, 2023. Market Open.
E.T.F.'s
It's the ideal tool to help you make quicker, more informed decisions for managing and tracking your investments.
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BUY
A good portfolio hedge? Yes. With this, you're buying the VIX x 2. TVIX is a short-term vehicle. You hedge because you feel the markets are irrational now, expecting the market to move down which spark the volatility, which gives you double the bang for your back. But keep a very close eye on this as you execute it.
E.T.F.'s
DON'T BUY
This is betting on 2X volatility, but volatility is volatile enough. This is a gamble, not investing. Even if you are correct in terms of the direction of the trade, you can still lose money because of the effect of leveraging and prices being changed every day. These things should only be held for 2-3 days at most.
E.T.F.'s
