What The *!@#$% Happened to the VIX ETFs? (TVIX)

Yowser. Was that something or what? Due t0 its popularity, the Velocity Shares VIX product (TVIX) had halted creation of new shares a few weeks back. That is where the trouble started. With that move, there was an ever growing premium as investors continued to buy shares in an attempt to hedge out some portfolio risk. Needless to say, that plan did not work out so well.

Even with 30% drop today, there continues to be whopping premium still embedded this particular ETF.

To read some great analysis and see some nice chart porn, go here.