{"id":18333,"date":"2012-03-23T12:17:43","date_gmt":"2012-03-23T16:17:43","guid":{"rendered":"http:\/\/www.thedisciplinedinvestor.com\/blog\/?p=18333"},"modified":"2016-09-20T19:19:24","modified_gmt":"2016-09-20T23:19:24","slug":"tvix-update-and-a-trading-idea","status":"publish","type":"post","link":"https:\/\/thedisciplinedinvestor.com\/blog\/2012\/03\/23\/tvix-update-and-a-trading-idea\/","title":{"rendered":"TVIX Update and a Trading Idea"},"content":{"rendered":"<p>So, we saw that there was a very sharp downturn(50%+) over the past few days as UBS is allowing for share creation (<a title=\"What The *!@#$% Happened to the VIX ETFs? (TVIX)\" href=\"http:\/\/www.thedisciplinedinvestor.com\/blog\/2012\/03\/23\/what-the-happened-to-the-vix-etfs-tvix\/\"><strong>See more detail HERE<\/strong><\/a>)<\/p>\n<p>The indicative NAV was way below and as of the close yesterday, there needed to be another 30% drop in order to get the price inline with the INAV. Well, that is now getting very close.<\/p>\n<p>Once the premium is close to <!--more-->wiped out, there should be a short covering. (We initiated a <em>small \u00a0<\/em> position at $7.34 and will add to this as a &#8220;trading&#8221; position looking for a squeeze\/cover. (It is a trade, not an investment)<\/p>\n<p><em>3\/24\/12 Update: this position was sold for a 2.5% loss<\/em><\/p>\n<p style=\"text-align: center;\">Here is yesterday&#8217;s information&#8230;<\/p>\n<p style=\"text-align: center;\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-18309 aligncenter\" title=\"inav_tvix\" src=\"https:\/\/thedisciplinedinvestor.com\/blog\/wp-content\/uploads\/2012\/03\/inav_tvix-2.jpg\" alt=\"\" width=\"322\" height=\"158\" \/><\/p>\n<p style=\"text-align: center;\">And today&#8217;s:<\/p>\n<p style=\"text-align: center;\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-18334 aligncenter\" title=\"3-23-2012 12-09-18 PM\" src=\"https:\/\/thedisciplinedinvestor.com\/blog\/wp-content\/uploads\/2012\/03\/3-23-2012-12-09-18-PM-1.jpg\" alt=\"\" width=\"321\" height=\"164\" \/><\/p>\n<p style=\"text-align: center;\">_______________________<\/p>\n<p style=\"text-align: center;\">Looking to invest in The Disciplined Investor Managed Growth Strategy?<br \/>\nClick below for the virtual tour&#8230;.<\/p>\n<p style=\"text-align: center;\"><a href=\"http:\/\/www.thedisciplinedinvestor.com\/blog\/mailbox\/tdi-investment-fund\/\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/thedisciplinedinvestor.com\/blog\/wp-content\/uploads\/2012\/03\/TDIMG-5.jpg\" alt=\"\" width=\"212\" height=\"318\" \/><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>So, we saw that there was a very sharp downturn(50%+) over the past few days as UBS is allowing for share creation (See more detail HERE) The indicative NAV was way below and as of the close yesterday, there needed to be another 30% drop in order to get the price inline with the INAV. [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[12,42,253],"tags":[497],"class_list":["post-18333","post","type-post","status-publish","format-standard","hentry","category-markets","category-stocks","category-strategy","tag-strategy","et-doesnt-have-format-content","et_post_format-et-post-format-standard"],"acf":[],"_links":{"self":[{"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/posts\/18333","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/comments?post=18333"}],"version-history":[{"count":0,"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/posts\/18333\/revisions"}],"wp:attachment":[{"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/media?parent=18333"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/categories?post=18333"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/tags?post=18333"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}