I'm no expert on vol trading, but looking at the long term chart of the vix, it seems like spikes of this magnitude never last.
I see TVIX is the 2x leveraged ETF with a 4% borrow cost at Interactive Brokers.
I'm thinking of making it a small short position that I can easily hold through much more volatility.
With all of the above, this seems like a relatively smart way to play the eventual passing of all this (however you want to define it: virus, overvaluation, general panic, algos)
Can someone please set me straight before I lose my shirt?
Thank you!