Nisdey
:
It's all in the name, TSLQ is a leveraged short-sell ETF. basically it's designed to offer -2 X Δ TSLA on a per-dollar invested basis. so the stock price doesn't move by twice the inverse of the underlying it costs much less, so for the same amount amount of dollars invested you can buy more TSLQ, which is how you realise -200% Δ.
Erwin Hsu : Is TSLQ about to fall?
Ravi_Sharma OP Erwin Hsu : If $Tesla (TSLA.US)$ go up $Tradr 2X Short TSLA Daily ETF (TSLQ.US)$ will go down or vice versa. Reverse relative
Nisdey : It's all in the name, TSLQ is a leveraged short-sell ETF. basically it's designed to offer -2 X Δ TSLA on a per-dollar invested basis. so the stock price doesn't move by twice the inverse of the underlying it costs much less, so for the same amount amount of dollars invested you can buy more TSLQ, which is how you realise -200% Δ.
How do you not know this?