Jump to content
  • 0

Tvix


Guest PARP

Question

tvix is an ETN DFB on the vix ( expiry in 2029). Why between the 7/06/18 and the 8/6/18 there is a huge gap ? There was not such move from the vix itself. Is it due to a rebalancing ? If yes when is the rebalancing calendar please ?

Link to comment

10 answers to this question

Recommended Posts

  • 0

Hey - the TVIX as an ETN (basically an instrument similar to a stock) will only be able to trade whilst the exchange it trades on is open. The underlying VIX volatility index itself continues to trade outside these times, so if it moves whilst the tracker ETN is closed, then a gap will occur once the exchange reopens. You can see this happens relatively frequently. 

2018-08-08 13_07_26-IG Trading Platform _ Spread Betting.png

Link to comment
  • 0

I agree with that. In general it can move by 200 points. But on the 8th of June the quote moved from 400ish level to 4000ish level. Usually the gaps are not as big. Could you please recheck again?

Link to comment
  • 0
Guest PandaFace
34 minutes ago, PARP said:

I agree with that. In general it can move by 200 points. But on the 8th of June the quote moved from 400ish level to 4000ish level. Usually the gaps are not as big. Could you please recheck again?

Can imagine it was just a corporate action to consolidate. You get that a lot I’m etfs because of the decay. @JamesIG will be able to tell for sure. (On mobile otherwise I’d google) 

Edited by PandaFace
Link to comment
  • 0
1 hour ago, PARP said:

Any update ?

Hi - I can confirm it looks like the VelocityShares Daily 2x VIX Short Term ETN (TVIX) had a one for ten stock split. You can have a look here https://www.nasdaqtrader.com/TraderNews.aspx?id=ECA2018-101 if you would like more information.

If you ever notice other significant ratio changes (for example 10 for 1, the other way around as a 1 for 10, doubling / halving etc) it's likely to be a corporate action. You can search "TICKER SYMBOL corporate action" and generally see exactly what has happened. 

Hope this helps. 

Link to comment
  • 0
39 minutes ago, PARP said:

Thank you very and useful info. 

Now if I would have had a position on this ETN, my entry level would have been adjusted ?

Hey- as you stated everything would have be scaled by a factor of ten. So entry levels, stops, limits, working orders etc. There is no real effect on your account, it is purely to rebase the underlying ETF to make the number more manageable. 

Link to comment
  • 0
Guest Seafarer

Nice information about gaps and reverse splits, BUT CAN ONE ACTUALLY TRADE VIX ETF's with IG? 

TVIX, ZIV, UVXY, VXX. Has anybody been able to go long or short with IG?

Link to comment
  • 0

I also want to do this but am instructed to call support. Some error message about trading at close only. Can anyone help with this. I understand it may be priced only once per day but I just want to go ahead and trade this. If this is impossible on IG, the error message ought to say so, then that at least would be something concrete (although disappointing) but at least we could head out to other platforms that ARE capable of enabling trades on this. 

Link to comment

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • image.png

  • Posts

    • ASX: RAMSAY HEALTH CARE LIMITED - RHC Elliott Elliott Wave Technical Analysis TradingLounge Greetings, Our Elliott Wave analysis today updates the Australian Stock Exchange (ASX) RAMSAY HEALTH CARE LIMITED - RHC. We see RHC.ASX continue to push lower to complete the entire corrective wave. After that, we will be back in the impulse wave to move up with the main trend. ASX: RAMSAY HEALTH CARE LIMITED - RHC 1D Chart (Semilog Scale) Analysis Function: Major trend (Minute degree, navy) Mode: Motive Structure: Impulse Position: Wave (c)-orange of Wave ((v))-navy Details: Wave C-grey is developing as an Ending Diagonal, and its wave ((v))-navy is almost done pushing lower as a Zigzag. Wave (a),(b)-orange is complete, and wave (c)-orange is also moving a little lower. Invalidation point: 43.47 ASX: RAMSAY HEALTH CARE LIMITED - RHC 4-Hour Chart Analysis Function: Major trend (Minor degree, grey) Mode: Motive Structure: Diagonal Position: Wave (c)-orange of Wave ((v))-navy of Wave C-grey Details: The (c)-orange wave of the ((v))-navy wave of the C-grey wave is continuing to push lower. While the price must remain below 43.47 to maintain this view. On the other hand, when the price pushes above 39.72, it is a first sign that suggests that the C-grey wave may be over, and the larger impulse wave may be gradually returning to the main trend. Invalidation point: 43.47 Conclusion: Our analysis, forecast of contextual trends, and short-term outlook for ASX: RAMSAY HEALTH CARE LIMITED - RHC aim to provide readers with insights into the current market trends and how to capitalize on them effectively. We offer specific price points that act as validation or invalidation signals for our wave count, enhancing the confidence in our perspective. By combining these factors, we strive to offer readers the most objective and professional perspective on market trends. Technical Analyst: Hua (Shane) Cuong, CEWA-M (Master’s Designation). Source : Tradinglounge.com get trial here! #RHC #ASX #ASXStocks #Stocks #ElliottWave #TradingLounge  
    • Elliott Wave Analysis TradingLounge Dogecoin/ U.S. dollar(DOGEUSD) DOGEUSD Elliott Wave Technical Analysis Function: Counter trend Mode: Corrective Structure: Zigzag Position: Wave ((C)) Direction Next higher Degrees: wave ((C)) of Zigzag Wave Cancel invalid Level: Details: wave 2 is likely to end and price is rising again in wave 3 Dogecoin/ U.S. dollar(DOGEUSD)Trading Strategy: The correction in wave II seems to be over so we focus on the five-wave rally of wave III and The price action remains in an uptrend, and we are looking for a re-entry into the trend. Dogecoin/ U.S. dollar(DOGEUSD)Technical Indicators: The price is above the MA200 indicating an uptrend, The Wave Oscillator is a Bullish Momentum. Dogecoin/ U.S. dollar DOGEUSD Elliott Wave Technical Analysis  Function: Counter trend Mode: Corrective Structure: Zigzag Position: Wave ((C)) Direction Next higher Degrees: wave ((C)) of Zigzag Wave Cancel invalid Level: Details: wave 2 is likely to end and price is rising again in wave 3 Dogecoin/ U.S. dollar(DOGEUSD)Trading Strategy: The correction in wave II seems to be over so we focus on the five-wave rally of wave III and The price action remains in an uptrend, and we are looking for a re-entry into the trend. Dogecoin/ U.S. dollar(DOGEUSD)Technical Indicators: The price is above the MA200 indicating an uptrend, The Wave Oscillator is a Bullish Momentum. Technical Analyst : Kittiampon Somboonsod Source : Tradinglounge.com get trial here!  
    • Massive support for Peanut as the meme finally breaks $1 and approaching $2. Trump is finally the highest holder of this meme which was listed at 0.12 on Bitget just last week. I posted about the token and made few analysis of this  current trend . Even when the current resistance at $1.8 looks very strong since it got reject twice now but if it finally breaks it then $2 could be on the card guys   
×
×
  • Create New...
us