Everyday Finance

Understanding Triple Leveraged ETFs

In early March, I had entered into a hedged combination of ETF long and option calls strategy. It's worked out well, but primarily only due to the mass move upward that insued (I got very lucky w timing), which I had somewhat expected (or else I would have taken a bath on both sides of the position). Somewhat long explanation, but if you believe Financials have much more up/down exposure, this can work in a hedged fashion:
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