科普帖之二：为什么TVIX和UVXY不适合长期持有

VIX交易员

2019-02-21

$二倍做多VIX波动率指数短期期权ETN(TVIX)$

昨天的科普帖写了TVIX和其他VIX衍生品到底在追踪什么，今天来简单说一下为什么TVIX和UVXY为什么不适合长期持有。

除了常规VIX产品的升水（Contango)损耗之外，TVIX和UVXY还要更多一层杠杆损耗，也就是说遇上了震荡行情，TVIX和UVXY的价值损耗反而还要比同等条件的非杠杆VIX衍生品大。

加上管理费的扣除，TVIX和UVXY基本上类似于一个赌博产品而非投资种类。当然如果你有正股并想通过TVIX和UVXY进行对冲，还是可行的。

$二倍做多VIX波动率指数短期期权ETN(TVIX)$ $1.5倍做多波动率指数短期期货ETF-ProShares(UVXY)$ $0.5倍做空波动率指数短期期货ETF(SVXY)$

免责声明：上述内容仅代表发帖人个人观点，不构成本平台的任何投资建议。

精彩评论

吾乃华尔街之韭
2020-04-24
吾乃华尔街之韭
你说的这种是做多的情况，做空tvix是没问题的吧
- 吾乃华尔街之韭回复VIX交易员:
  这个时期基本250以上做空问题不大的
- VIX交易员:
  注意仓位控制，也可能会爆仓
不明真相群众
2019-02-22
不明真相群众
三倍纳斯达克指数或者三倍原油等…是不是也有这样的情况
- 不明真相群众回复VIX交易员:
  多谢[握手][强]
穿越迷雾
2019-03-30
穿越迷雾
支持，杠杆etf 不合适

发表看法

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