What vehicle did you choose to do so?
Just good old fashioned VXX.
Shorted more…finally we get some market excitement! VIX at 35+. 
I think right now is an opportune time to buy some puts on the vix. Today’s fear is higher than the greek default crisis or the PIIGS default crisis. Aside from the market being completely overbought, what news justifies these level of fear?
you’re a maniac PA. you get a 1987 type event and you’re creamed. VXX at 48 as we speak… at what point are you margin called?
anecdotally, just because all of you are jacked about shorting vol makes me think vol can go through the roof. no bets either way.
update. VXX now at 57.
Nope. It’s already been discussed many times on this thread. It’s called financial/risk modeling!
Since I’m long SPX puts it depends how low the S&P goes, with that offset it’s essentially mathematically impossible, but of course nothing is ever impossible. Hell, the idiots crowded into long-S&P probably have more risk than I do, they just don’t know it. I know my risk and have been positioning hedges for years. 
USG is bankrupt, economic center moving East, US stock valuations totally made up (you can’t pump valuations with ZIRP/QE and have them not reverse when you raise rates). Americans try to ignore reality, but smart money knows in the back of their minds it’s a house of cards, just like they were ready to run like hell when subprime popped. I’m simultaneously short vol, and know just how bad things could really get when this bubble pops.
Now I realllllllly get where they are coming from. RIP SVXY and XIV. Literally. Unreal. So glad I moved all into crypto in November. I will be better off for it in the long run. Hope you weren’t in those ETFs
Yeah, XIV got crushed in afterhours. I actually went in to look if I could long-it at $15, but IB is currently showing a margin requirement of 800%. That’s odd given that you can’t lose more than 100%, maybe that is the margin for both short/long. But that kinda makes it hard for the fund to recover when we can’t even buy!
I heard the NAV is like 4 dollars now and has triggered the “termination clause” meaning all will be liquidated soon. Not the case?
Oh that’s right, the NAV on my screen is $4.22. Could be game over, probably Tuesday we find out.
XIV : trading halted, news pending!
OMG + WTF…
VIX just went from 50 to 23 in a half hour. Market has gone full-schizo! 
Update: VXX halted!
Update 2: holy shit look at the VIX term structure! It’s all fucked up guys.
lol that hedge fund with the alias fifty cent must have made millions!!. million bet on fifty cent options. club coming up on a tuesday!
200 days and counting. hahahahyahaha
yeah crazy action. that was a quick correction. probably grind higher now. no flight to safety.
Okay, that annoying pink halt light on VXX has been removed, back in action!! 
Sweet, the market talking heads are blaming this crash on us volatility traders. Thanks, I take full credit. Bad boy, PA!
easy money. cash me out and meet me out front.
SUMFIN AIN’T RIGHT!
VIX 50, then 23, now 46. In like an hour.
Looks like CS announced termination and XIV liquidation scheduled for February 20th.
There needs to be an SEC investigation into those Credit Suisse guys. Lots of questions.
Insanity!!! No position but did consider a possible vol trade back in the fall. Terrible stuff. Highly doubt all those that lost will have any legal recourse on paper.