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So long XIV/SVXY strategies

The ETNs have been halted and will more than likely be liquidated after the >80% loss AH yesterday. Hopefully nobody here got caught in this mess. I know there were many popular XIV strategies here.

We all knew it would happen at some point...

1 response

https://www.credit-suisse.com/pwp/cc/doc/credit_suisse_age_event_acceleration_xiv_etns.pdf

Credit Suisse AG Announces Event Acceleration of its XIV ETNs New York February 6, 2018 Credit Suisse AG ("Credit Suisse") today announced the event acceleration of its VelocityShares Daily Inverse VIX Short Term ETNs ("XIV") due to an acceleration event. The acceleration date is expected to be February 21, 2018.

It's done.