with VIX:VXV about 0.8 now, the time decay of TVIX is very huge, so it is in contango scenario and even VIX rises, it can still drop. I will wait VIX:VXV over 1 to enter TVIX, when it will be in the backwadation.
Already told you, TVIX risk is 10ish. It hit 10ish today. 很乖。
But I mean, Tvix risk is low 10ish, a lot lower than 2011 low ( which is 15 in 2011)
in the near future.