AdvancedMultiple choice
In February 2018 several inverse-VIX products lost almost all their value in a day. What was the mechanism?
- AThe exchange halted VIX futures, leaving the funds unhedged
- BThey had to buy VIX futures to rebalance, into a rising market
- CEquity markets fell far enough to wipe out the underlying
- DThe fund managers made a discretionary bet that went wrong
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