SPXL Theta Trade
So we get the decay & a multiplying effect on returns of the underlying index of the leveraged ETFs, as they use option products to create the 3X leverage in these funds. Essentially decay on decay.
Note
For some reason I thought I rolled the 39/40 P side closer to strike - but I actually did not. Trade is currently basically sideways with an $8 loss.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.