0.01Open0.02Pre Close110 Volume502 Open Interest37.00Strike Price118.00Turnover125.32%IV24.49%PremiumDec 6, 2024Expiry Date0.00Intrinsic Value100Multiplier2DDays to Expiry0.01Extrinsic Value100Contract SizeAmericanOptions Type0.0187Delta0.0150Gamma1486.50Leverage Ratio-0.0179Theta0.0000Rho27.74Eff Leverage0.0011Vega
modest Narwhal_1005 : you never know. could go down 80% or up 3x. dca wins
10baggerbamm : while every other sector is hitting New Year highs and multi-year highs the chip stocks are way down from their July highs as you can see here.
im_believer OP 10baggerbamm : sounds like a buy to me
im_believer OP modest Narwhal_1005 : For a 3x leveraged etf like this, I don't think DCA is recommended. At least it won't be recommended by me. It's a speculative bet after all.
10baggerbamm im_believer OP : it's a matter of the amount of time you can hold it and the amount of pain you're willing to take. early last week we had a shift in a few of these bobbleheads on TV that said that they were selling some of the software stocks at rallied significantly and they were going to go back in and buy the chip basket not the leveraged but the Sox index because as a group they've sold off significantly and they have not participated in the rallies. and this week so far I've heard a few more people coming back to the table saying I'm buying chip stocks right now. so at this point it's still a contrarian investment because the masses are chasing small caps financial stocks.
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