10baggerbamm OP : as a follow-up I just want to mention that this leverage ETF has weekly options. it use to only have monthly options and there is another leveraged ETF nvdu that only has monthly options. so in my opinion this ETF nvdx is superior to all others because it permits you to sell puts on a weekly basis.
so if every Monday you sell puts for a Friday expiration at a dollar below the current price you're going to collect about 80 cents. do that four times in a month that's $3.20
this makes an assumption you don't get put the stock or if you do you have the financial means to continue this strategy to build a position in the company.
but if you collect $3.20 that would be the equivalent of this stock / ETF being $21.20. so if you only buy the stock you would need to see it go up by $3.20 and it may do that but it may not. by selling puts you absolutely collect that premium right up front and it adds up to real money very quickly. you can stay within one or two companies and build a significant return on your investment dollars by selling puts

TheOracleOfBroMaha : Like I said, you have good stuff

YWQuinn : If it doesn't go down, how can it goes up

TheOracleOfBroMaha : What

oneallai : Is it still possible to enter now?

TheOracleOfBroMaha : What