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BETAPRO SP500 VIX ST FTRS 2X DLY BULL T.HVU



TSX:HVU - Post by User

Comment by TheCapitalistBearon Apr 05, 2016 9:12am
82 Views
Post# 24731261

RE:RE:RE:no movement

RE:RE:RE:no movement

We need violent VIX spikes to eat up the contango. This is already occurring this morning as contango has gone from 11.22% yesterday to 8.79% at this moment. Quick spikes drive up front month futures faster than back month futures and thus eats up the contango. You'll see a nice open on HVU this morning.

Only question is, we're at the bottom of the small term S&P trend. If S&P bounces, contango and HVU go right back to where they were, poss even lower. We want a convincing break below S&P 2040. GL

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