TVIX is dropping again today, March 23, 2012. TVIX was subject to a huge fall on Thursday and is now trading between $8-$8.50 in pre market this morning. Credit Suisse made the product and will be issuing new shares on a limited basis. Some analysts say the Net Asset Value (NAV) is around $8.50 per share. If the premium came out of TVIX yesterday, who's to say the ETN can't trade at a discount to NAV? If you are looking to buy TVIX, I would take a shot between $7.50-$8 on a dip today. More.....
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