yamacyan shared · Sep 10, 2024 07:32

For hedging purposes

$Direxion Daily Semiconductor Bear 3x Shares ETF (SOXS.US)$

I mainly use SOXS as a hedge for NVDA stock. I adjust the number of shares flexibly to hedge against the recent decline in semiconductor stocks. While it may be possible to sell the underlying stock, it is very convenient to reduce losses with this 3x ETF when I don't want to sell.

$NVIDIA (NVDA.US)$