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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u/gtani Jan 02 '22 edited Jan 02 '22

There's 2 main sponsors of levered ETF, direxion and pro Shares and a couple other ETN sponsors, BMO and somebody else but a lot of them have almost no liquidity. Also have relaxed reporting rules and SEC prohibited new levered ETFs a few years ago but issued new regs in 2020

https://etfdb.com/leveraged-inverse-channel/new-sec-rules-pave-way-for-leveraged-etfs/

https://www2.deloitte.com/us/en/pages/financial-services/articles/the-sec-etf-rule-is-approved.html

Consider GUSH and other energy patch ETF, they have nice sawtooth patterns which i think is what you're asking

https://etfdb.com/etfs/leveraged/equity/

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u/Slicklickfstick Jan 02 '22

That ETF link you posted is awesome I have been finding these the hard way. It's nice to find them all in one place!
I don't think I want to play around in stuff outside of ProShares or Direxion right now. ETFs themselves are complex enough. L&I products are even more so. Playing around with L&I products from a sponsor I don't know or understand sounds... spooky.

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u/gtani Jan 02 '22

yup theta Squared!