### Comment:
If the market pulled back, vix spiked but tvix didn’t follow suit, do you consider that portion of the market pull back a “lost cause” so to speak? 
  
 Buying Spy puts = higher vix. Higher vix = possibly higher tvix if people buy short term. But they didn’t. So should I consider the increase in vix today sort of like if a stock increased and I didn’t have a position? Or is there catch up to be played?

### REPLY:
The leveraged ETPs like TVIX tend to try to catch up to their daily targets in the 4:00-4:15PM window after hours.

### END.