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Anatomy of a Blowup – How a Volatility Spike in February Destroyed XIV & SVXY

Anatomy of a Blowup – How a Volatility Spike in February Destroyed XIV & SVXY

by Houndstooth | May 6, 2018 | Publications

Introduction – The Transmutation of Risk In thermodynamics, there is a law that states, “Energy is neither created nor destroyed, it can only be transformed from one form to another.” This first law rules the entire universe as an isolated system, when energy changes...

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