Interactive Brokers didn't have shares of TVIX to short
yesterday or today. Usually, they're good with finding shares to
borrow. At yesterday's close, TVIX was trading at a 89% premium to
its NAV. VIX APR'12 and MAY'12 futures were trading 20-40% premium
to VIX. With such high premiums and a negative roll yield, it was
extremely risky to hold TVIX long.
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Interactive Brokers didn't have shares
TVIX
Posted by cw12 on 22nd of Mar 2012 at 04:16 pm
Interactive Brokers didn't have shares of TVIX to short yesterday or today. Usually, they're good with finding shares to borrow. At yesterday's close, TVIX was trading at a 89% premium to its NAV. VIX APR'12 and MAY'12 futures were trading 20-40% premium to VIX. With such high premiums and a negative roll yield, it was extremely risky to hold TVIX long.