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TVIX behaviour

Any idea what’s going on with TVIX? The vix gapped up 5.5% today, tvix is only up 1.8%, but not only today. For the past few days it’s lost some correlation to VIX. What y’all think? I know tvix tracks futures of the vix right? Does that mean even if current vix increased, traders aren’t buying futures? And does that mean arbitrage is possible or nah?

TVIX behaviour – RobinHood – Reddit Feed

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