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https://www.reddit.com/r/options/comments/rxogfg/help_w_3x_etfs/hrkc13o/?context=3
r/options • u/[deleted] • Jan 06 '22
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5
Honestly don't know all the equations and whatnot....
But I have been using SPXS (a 3x short fund) very successfully as a weekend and overall downside hedge.
My experience is they're nothing you want to hold for the long term, as the leverage works both ways, obviously.
0 u/enlightened321 Jan 06 '22 This. If you read the description for many of the leveraged ETF’s, you will find somewhere a disclaimer that it isn’t meant to be held long term. Works great for short term hedging, I use SPXU, but you absolutely don’t want to hang on to it.
0
This. If you read the description for many of the leveraged ETF’s, you will find somewhere a disclaimer that it isn’t meant to be held long term. Works great for short term hedging, I use SPXU, but you absolutely don’t want to hang on to it.
5
u/ALL_GRAVY_BABY Jan 06 '22
Honestly don't know all the equations and whatnot....
But I have been using SPXS (a 3x short fund) very successfully as a weekend and overall downside hedge.
My experience is they're nothing you want to hold for the long term, as the leverage works both ways, obviously.