Tradr 2X Short TSLA Daily ETF Stock Discussion

• tough Anteater_3756 : Reverse split today

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• Zerines OP tough Anteater_3756 : ah sorry I miss it

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• Brandon Jones198 : don't know but can't access my option

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• Nisdey Zerines OP : That explains how I have a pre-market loss of $975,000

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• Nisdey : Though it's never happened to me, I'm curious to know what this does to options contracts.

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• Nisdey : What does that word "cooked" mean anyway. I hear it used in left-wing politics a lot, calling people "cookers" or saying that something's "cooked".
  is it in reference to "cooking the planet", "cooking the books", "being a chef", "cooling breakfast", "cooking meth"?

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• 102932851 OP Nisdey : Just a slang for "done/finished"

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• Erwin Hsu : Is TSLQ about to fall?

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• 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

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• 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?

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