Direxion Daily Semiconductor Bull 3X Shares
People who invested in commodities before the crash started this year, how did you realize it was the right time? Did you also have investments in tech before the crash? Did you sell them off before investing in commodities? Which commodity etfs/stock would you recommend to cope with stagflation?
**Ban Bet Created:** **/u/nobelapology** bet **SOXL** goes from **11.89** to **14.27** before **14-Dec-2022 06:24 AM EST** Their record is 1 wins and 2 losses. ^^[**Discord**](http://discord.gg/wsbverse) ^^[BanBets](https://www.reddit.com/r/wallstreetbets/wiki/banbets/) ^^VoteBot ^^[FAQ](https://www.reddit.com/r/wallstreetbets/wiki/votebot/) ^^[Leaderboard](https://www.reddit.com/r/wallstreetbets/wiki/leaderboard/) ^^- ^^[**Keep_VM_Alive**](https://www.patreon.com/visualmod)
>The main catch with this strategy is that you are exposed to more risk if the market moves against you. If SQQQ falls sharply, your losses could be amplified. Additionally, while buying calls on both SQQQ and another fund like SOXL or SOXS may help hedge some of the downside risk, it will also limit your potential upside if SQQQ rallies strongly.
Yes, it is higher. And you can get assigned randomly too. Read my recent comment that explains my findings on tracking deep ITM put activity. I also sold some ITM puts on $SOXL. Semis are surprisingly resilient if you look at $SMH relatively speaking. Good luck!
Is assignment risk higher the further ITM the put sell is? I sold a couple slightly ITM puts on SOXL recently with May expiration. Semiconductors are so beaten down that a slight recovery is inevitable sometime next year. Or so I hope.
>1:18 Search at InteractiveBrokers Account All All Accounts Change (YTD) 7 CAD41,674 CAD-99,667 100,000 50,000 7D MTD 1M YTD 1Y You are all caught up! Check back tomorrow Top Portfolio Positions Instrument Last Price Change % Market Value. SOXL 13.41 3.95% 26.7K 8 TECL 28.74 2.72% 1 Financial Lens Ei Home Portfolio Trade Watchlist More
Oh I understand what you are asking. What happens is when the value of a fund goes way up (like SOXL has) the volume drops because each share is worth more money. When the value of a fund goes way down (as SOXS has with a -50%) the volume will rise because each share is worth less money. Similar amounts of money are being traded. I've also noticed any leveraged fund like that that's gone down a lot people will want to buy because it is low and a "good deal"
Can anyone tell me wtf is going on? The volume on SOXS is near its daily average, but SPY, SOXL, and QQQ aren’t even close (a quarter of the daily volume or less). VIX is crazy low given the FOMC minutes at 2 even if that’s a nothing burger
"How and where would you invest?" /// "what would you do to maximize the return" Two completely different ideas. Also, for both questions there is no one answer today that makes sense. Circumstances will change in five weeks, five months and five years from now. If I was in a contest to maximize, TQQQ, TECL, SOXL and SPXU would be what I'd mostly use, but in real life I have no desire to sit in front of my screen every second of the day to try and tweak my holdings to maximize them. With real money... I expect I'll hold etfs SOXX, XLK, QQQ and TAN during mediocre and good times along with whatever individual stocks overperform like AAPL has the past five years.
300k, you could day trade. on my sim account, I even let TQQQ and SQQQ play around no indecisive days... and still win. I keep SOXL holdings in one list all by itself to see if a day will jump...before charting SOXL DXY and GOLD charts open... maybe dive into GDXU or the bear. that is right now... just daily ingredients.
#Ban Bet Lost /u/Pat9man (1/2) made a bet that SOXL would go to 11.0 within **2 days** when it was 12.13 and it did not, so they were banned for a week. Their record is now 1 wins and 2 losses ---- ^[LEADERBOARD](https://www.reddit.com/r/wallstreetbets/wiki/banbets/) - ^[FAQ](https://www.reddit.com/r/wallstreetbets/wiki/banbets/#wiki_faq_.26amp.3B_commands) - ^[STATS](https://www.twitch.tv/wsbzjz/)
> Selling deep itm puts Ruh-roh ... Don't sell puts deep ITM. Why would you do that? You enjoy increasing your early assignment risk? > Looking at leveraged ETF SOXL 25$ Put, Jan. 2023, There is zero reason to use options to trade leveraged ETFs. Why settle for the 3x SOXL gives you when you can have 3x, 6x, 9x, heck 69x if you want, just by using options directly on the index? > it currently sells for 12.65. So SOXL is around 12 to 13 then, right? > So if my broker and I are both putting up half(1,250), then wouldn’t I automatically be in the green when I open the position? No, how do you figure? You owe $2500 in assignment value. You got $1265 in premium. Just because your broker lets you make a downpayment of only 50% doesn't mean you aren't on the hook for the other 50%. Think of it this way, you are 2x leveraged on the short. If you close the short before assignment and can buy the put back for less than $12.65, great! Your leverage paid off in a 2x rate of return vs. a 100% CSP. But on the other hand, leverage cuts both ways. If you have to buy the put back for $14.20, your rate of return as a loss with be 2x what it would be vs. a 100% CSP. > This isn’t considering tax or margin fees, but someone please lmk what I’m missing, thanks! There are no margin fees for cash collateral. There is opportunity cost, though.
What is missing in my calculation? Selling deep itm puts Looking at leveraged ETF SOXL 25$ Put, Jan. 2023, it currently sells for 12.65. I’m using portfolio margin and already own some positions in the etf. So if my broker and I are both putting up half(1,250), then wouldn’t I automatically be in the green when I open the position? This isn’t considering tax or margin fees, but someone please lmk what I’m missing, thanks!
SOXL puts [from yesterday](https://www.reddit.com/r/wallstreetbetsOGs/comments/ywrhn0/daily_discussion_thread_november_16_2022/iwmd6m6/?utm_source=share&utm_medium=ios_app&utm_name=iossmf&context=3) update: * 11p weekly bought at $0.14 * Missed the exit ramp this AM at $0.41, from sleeping in Lesson learned: if going to play 3x ETF options, gonna need to sleep 3x less
Some clown was rage posting at me yesterday because I was posting about how SOXS was the play for the chip earnings. I’m up 15%. He said he was HOLDING 20k shares or SOXL, even after these chip companies ran 10-20% the week before. Some people have too much money
**Ban Bet Created:** **/u/Pat9man** bet **SOXL** goes from **12.13** to **11.0** before **2022-11-19 02:35:02.402499-05:00** Their record is 1 wins and 1 losses. ---- ^[LEADERBOARD](https://www.reddit.com/r/wallstreetbets/wiki/banbets/) - ^[FAQ](https://www.reddit.com/r/wallstreetbets/wiki/banbets/#wiki_faq_.26amp.3B_commands) - ^[STATS](https://www.twitch.tv/wsbzjz/)
IV was way too high unless you bought last week (and then it was still pretty high). IV will drop off now that earnings are over though. Can also play via SOXS/SOXL shares or SMH/SOXX contracts or AMD which is also vulnerable in the same way
Seems semiconductor sentiment may have went out ~~for a pack of smokes~~ to a live action role playing party, and may not be coming back for a while. Gonna head over to the corner store myself, and try my luck on some $SOXL put weekly lotto tickets
$SOXL is a tempting short with what it’s done in the last month and with $MU announcing 20% reductions in DRAM and NAND wafer starts but I also kinda want to see what $NVDA does with earnings today first, expecting them to beat expectations a bit
#Ban Bet Won --- /u/Pat9man made a bet that SOXL would go to 13.0 within **3 days** when it was 13.87 and it did, congrats regard. Their record is now 1 wins and 1 losses ---- ^[LEADERBOARD](https://www.reddit.com/r/wallstreetbets/wiki/banbets/) - ^[FAQ](https://www.reddit.com/r/wallstreetbets/wiki/banbets/#wiki_faq_.26amp.3B_commands) - ^[STATS](https://www.twitch.tv/wsbzjz/)
**Ban Bet Created:** **/u/Pat9man** bet **SOXL** goes from **13.87** to **13.0** before **2022-11-19 01:39:47.984023-05:00** Their record is 0 wins and 1 losses. ---- ^[LEADERBOARD](https://www.reddit.com/r/wallstreetbets/wiki/banbets/) - ^[FAQ](https://www.reddit.com/r/wallstreetbets/wiki/banbets/#wiki_faq_.26amp.3B_commands) - ^[STATS](https://www.twitch.tv/wsbzjz/)