Isn't that what XIV was doing?
Sounds like an opportunity to short vix if you've been staying away from that trade.https://twitter.com/jimcramer/status/960637428380979200 …
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But the idea is that if xiv got wiped out and shorts are being forced to cover, it's a good time to take that position
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Vix is finally high enough that shorting it makes sense, unless you're expecting a major downturn
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Unlikely
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Maybe in a few years, but I will be very surprised if this recent drop is the trigger.
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