XIV and SVXY

not my post.  I found it somewhere

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Lots of information coming in! They released a statement that they intend to operate SVXY normally. VXX, which they are supposed to be the inverse of, is up about 5%. SVXY-IV, which is supposedly their NAV, is in the $11's. UVXY, which is normally -2x of SVXY, is down 18%. VIX itself is down 30% at $25. So the price of SVXY when it finally opens should be somewhere between $11 and $80. Isn't that helpful!