GREY:BTTPF - Post by User
Post by
Mulva44on Feb 07, 2018 1:04am
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Post# 27516752
Horizons explanation doesn’t make sense
Horizons explanation doesn’t make senseThey claim after hours volatility “impaired” the trading of the underlying derivatives. The Vix futures went from the low 20’s to close to $39 at 4PM and this thing was still $13.00. Horizons claim the spike after 4PM was the reason behind this debacle. First off, I wonder how many contracts actually traded between 4PM and 4:15? Did the pros in the futures pits know these ETFs could be in trouble? So they jack the futures up another $10.00 and voila, Horizons and the rest of them puke on most of their short contract. Whomever rebalanced/covered this thing is the one who caused this loss I believe, impairment of underlying is nonsense.
Anyways just my thoughts. Pathetic products when both HVU and HVI are down large, and the HVI isn’t even 2x vol. Some honesty and an investigation would be nice, but the SEC and IIROC could care less.