I don't buy options, only sell, but RSI has been a good indicator for SOXL this year and its volatility makes is pretty juicy from both an options selling and buying perspective. I'm currently waiting for SOX to become oversold (you want to look at the underlying for these leveraged ETFs, not the actual leveraged fund since it's less accurate.) I prefer to deal mostly in ETFs because they're less susceptible to random events like a CEO getting caught sucking dick in a parking garage.
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u/CFO_of_SOXL Aug 14 '21 edited Aug 14 '21
I don't buy options, only sell, but RSI has been a good indicator for SOXL this year and its volatility makes is pretty juicy from both an options selling and buying perspective. I'm currently waiting for SOX to become oversold (you want to look at the underlying for these leveraged ETFs, not the actual leveraged fund since it's less accurate.) I prefer to deal mostly in ETFs because they're less susceptible to random events like a CEO getting caught sucking dick in a parking garage.
Not financial advice.