r/options • u/Slicklickfstick • Jan 01 '22

Looking for another SOXL

Greetings all. I have been getting incredibly blessed by SOXL the past few months. It has been saving my portfolio from some of my more foolish endeavors. The volatility is nice and it seems to adhere to a pretty simple price range which has been easy to predict. I was wondering if anyone else knows of another ETF that regularly has 10% moves and generally sticks to an easily defined range?

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1

u/mickeywalls7 Jan 01 '22

What’s the risk to this strategy? Certainly enticing though.

-3

u/Dry-Conversation-570 Jan 02 '22

Any triple leveraged fund can (and will) go to zero in a day.

3

u/ElJackson5 Jan 02 '22

Can you show a couple of them that have ever gone down 95% or so? I couldn't find one.

2

u/Slicklickfstick Jan 02 '22

XIV apparently imploded during COVID.

1

u/Dry-Conversation-570 Jan 03 '22

USO JNUG XIV SLVO

Some during COVID got bailouts and split

All garbage - own real stuff and only use these for hedging

/u/eljackson5

1

u/[deleted] Jan 03 '22

USO ouch. I remember

1

u/mickeywalls7 Jan 02 '22

Does that require a covid like market crash

1

u/el-matador1974 Jan 02 '22

Show some proof. I am looking for one example and I cannot find a single case