| This Trade Was Closed March 6, 2012 |
Sold today at 17.44 for a small profit.
Original Trade Post:
A recent decision by Credit Suisse, the issuer of the TVIX etn, to temporarily halt issuance of additional shares of TVIX has capped new supply of the shares, and could potentially result in TVIX trading at a premium to NAV.
read the following links to learn more:
http://ftalphaville.ft.com/blog/2012/02/22/892951/double-trouble-in-tvix/
http://seekingalpha.com/article/382971-credit-suisse-suspends-creation-units-in-tvix-what-it-means?source=yahoo
Trade Details:
- The Ticker: TVIX
- The Trade: Buy at $17
- Target Price: $20
- Trade Opened: February 22, 2012
- Trade Closed: March 6, 2012
Chart courtesy Finviz. Click to open in larger window.
Profit from a surge in Volatility (TVIX) in Stocks and ETF Trades (41 comments)
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