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Started By
Message
re: Options Trading Thread
Posted on 5/16/24 at 11:39 am to LSUtoOmaha
Posted on 5/16/24 at 11:39 am to LSUtoOmaha
quote:
Selling covered calls on SQQ is not going to make up for the brutal decay factor inherent in a 3x inverse leveraged ETF.
Thank you for the response. Can I talk you into an example of what you are talking about.
1
Posted on 5/22/24 at 4:01 pm to BCreed1
quote:
Thank you for the response. Can I talk you into an example of what you are talking about.
Here is an example.
QQQ price on Dec 1/2021 was $398. SQQQ price $29.70.
Almost two years later.
QQQ price on Nov 1/2023 was $389. SQQQ price $16.02.
Pretty simple to understand.
Just take our advice and never hold a triple leveraged ETF long term.
This post was edited on 5/22/24 at 5:59 pm
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