SVOL - Heightened Volatility Makes SVOL A Buy With Big Yields

• SVOL is an ETF that shorts volatility and uses a tail hedge to protect against extreme volatility.
• Due to the lower short allocation and the hedge, it is safer than previous short volatility funds. However, it can still suffer large drawdowns.
• Recently, elevated market volatility is presenting a compelling case to go long SVOL at a low price while securing a large yield.
• I discuss the potential risks but conclude that in the most likely cases, it makes sense to buy it or at least have it on your radar.

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