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@ Slackster

Posted on 11/9/24 at 10:57 am
Posted by BCreed1
Alabama
Member since Jan 2024
6373 posts
Posted on 11/9/24 at 10:57 am
LINK



Would really like your opinion. It's generally an opposite of mine and I respect other opinions.
Posted by slackster
Houston
Member since Mar 2009
91320 posts
Posted on 11/9/24 at 11:00 am to
What’s the specific question?
This post was edited on 11/9/24 at 11:01 am
Posted by BCreed1
Alabama
Member since Jan 2024
6373 posts
Posted on 11/9/24 at 11:15 am to
It's on the down side to 2x etfs
Posted by BCreed1
Alabama
Member since Jan 2024
6373 posts
Posted on 11/9/24 at 11:16 am to
Ok... I want to ask again, because I'm always looking to improve my knowledge, What's the turn off from 2x etfs?


Example, I purchased MSTU at 61 and sold a call for $1500 on it. It is now at 92. The call sold was the $68 strike. Ends Friday.

On a dip, I sold a put @ the 52 for $530. It's worthless right now... ends on Friday too.


I'm now looking at TSLL. For a long hold.
Posted by slackster
Houston
Member since Mar 2009
91320 posts
Posted on 11/9/24 at 3:57 pm to
I don’t really mess with options with any regularity. Leveraged ETFs really struggle with decay, especially when there is decent to strong volatility. I’m not familiar with your strategy here but a 2x leveraged single stock etf (MicroStrategy) doesn’t really feel like investing as much as it feels like gambling.

Good luck.
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