$GraniteShares 2x Long NVDA Daily ETF (NVDL.US)$ ETF decay o...
$GraniteShares 2x Long NVDA Daily ETF (NVDL.US)$ ETF decay observation.
On 27th July 24, when price for Nvidia hit 112.50, NVDL 2X ETF stood at 55.80+/-
Update (30th July 24) - Nvidia at level of 112.50, NVDL only hit 55.00 +/-.
Update (13th August 24) - Nvidia hit 112.50, NDVL at 53.00 +/-
Update (12th Sept 24) Nvidia hit 112.50, NDVL at 51.00 +/-
So there's definitely price decay when holding over longer period.
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Aaron Invests (AI) : Thanks I just noticed the decay. That is really a bummer. At the cost I am facing right now. My cost really needs to go back up for NVDA at 148 which is a real shame.
InfiltradeR OP Aaron Invests (AI) : Your welcome. At least it helps you plan the next course of action.
Aaron Invests (AI) : My only thing I could hope for is a rebound to cut loss. Will be using that fund to buyback into the main NVDA. Slower recovery but at least is a better hold.
InfiltradeR OP Aaron Invests (AI) : Yes. Use NDVL only for short trade. Keep a lookout for NDVA at 85 - 96 region, we may hit that range. Buy in batches if we move to that level.
Aaron Invests (AI) InfiltradeR OP : Unfortunately ran out of bullets![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
. May need to cut loss and is a huge pain.
InfiltradeR OP Aaron Invests (AI) : In that case, ride it out, no worries with long term. Dun sweat it.
Aaron Invests (AI) : Ride it out on NVDA or NVDL? I seems I'm at a tight end. Hope to really make a wise decision.
Warren Buffed : I felt this decay effect too holding SQQQ. it isnt on par/proportional to drop suffered by QQQ.![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
InfiltradeR OP Aaron Invests (AI) : On NDVA. Never hold long term with NDVL due to decay effect.
Aaron Invests (AI) InfiltradeR OP : Roger either that or I would be moving into TSLA. For my own reasons and logic