SPXL
Direxion Daily S&P500® Bull 3X Shares
Mentions (24Hr)
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I just discovered SPXL (3x leveraged spy). What stops you from trading this?
Backtesting the 3x leverage ETF on the S&P 500 with a monthly investment of 500 dollars!
What is the downside of investing in an S&P500 ETF that provides you with 3X Shares?
SPXS: Sold SPXL and bought SPXS at $13.45. Market Pullback next week?
Dynamic SNP500 Allocation based on Moving Averages - Almost beat the market?
We are about to see a massive bullrun with tomorrows Fed interest rate announcemnt. BUY CALLS
Why don’t people suggest leveraged ETFs for long term growth?
What to Buy If I'm Expecting a Crash?
Wash Sales-What makes an equity a "significantly similar security" to brokerage or IRS
If S&P return with dividend reinvestment 1970-2021 is 17.87% average, what kind of return does a day trader need to get to beat buy + hold?
Do I cut my losses with 3x bull SPXL, or stick with it?
Is something like 3x bull $SPXL ETF an almost sure shot buy right now?
Leveraged ETF discussion $TQQQ $SPXL etc.
Should I keep or sell Lattice Semiconductor? - (LSCC)
Is there a margin/cash requirement for a 3x leveraged ETF?
Can someone please ELI5 leveraged ETFs like SPXL?
Opinions on Building Retirement Portfolio
Capturing Alpha following the $TSLA trade listed earlier
Do most leveraged ETF’s just cease to exist after each crash?
Would it be crazy to assume the next 40 year returns on say the S&P 500 will be the same as the past 40 years?
Most Leveraged ETF for quick capital gains
SPXL. $70,000 to $2,070,000. I've held this position for almost 12yrs. I'd like to thank John Maynard Keynes, Congress and the last three Fed chairs for a decade of unchecked budget deficits and helicopter money.
I've held SPXL for almost 12yrs. $70,000 to $2,070,000. I want to thank John Maynard Keynes, a gridlocked Congress and the last three Fed chairs, I appreciate the decade-plus of shameless deficit spending and endless helicopter money.
MARA LEAPS or SPXL LEAPS? Planning to sell weekly cc on both as the leap as the underlying
Is there any reason I shouldn’t expect an average +15% return annually from $SPXL (or similar) over the next 30-40 years?
SPXL in taxable for long term hold, thoughts?
Would love some experienced or knowledgeable thoughts on my portfolio
Hows my portfolio? I’d appreciate honest advice and opinions.
Triple leveraged margin play on SPXL thanks Robbin’hood
SPXL showing possible reversal on the S&P
Technical analysis on QQQ, TQQQ or composite NASDAQ(IXIC)?
How to gamble like a true degenerate on the expense of 🌈🐻s
SPXL gonna have either a breakout or a breakdown here next 3 days
Increase LEVERAGE Through DEEP ITM Options (SERIOUSLY, YOU GUYS WILL LOVE THIS)
Increase LEVERAGE through DEEP ITM Options
Does anyone have a game plan for the market crash?
Why not hold $SPXL long term -vs- $SPY shares -vs- $SPY LEAPS? What am I missing?
$SPXL $SQQQ $TNA $TZA $LABU $FAS degenerate leverage on leverage option plays first day of the month Wednesday 9/1
Would leveraging/"rebalancing" from SPY into SPXL during a market crash increase long term performance?
Would leveraging/"rebalancing" from SPY into SPXL during a market crash increase long term performance?
What are good “Buy and forget” stocks if I already own long term ETFS?
3,600 to 25,000 3x leveraged ETF COVID YOLO
Does anyone know of a Consumer Staple (XLP) ETF but 3x leveraged???
Leveraged ETFs like SPXL or TQQQ, why not?
Mentions
MSFT, AMZN and SPXL (yesterday)
I look forward to owning all these SPXL and TQQQ shares when SPY is at 800 EOY and QQQ is at 750 or some equally stupid shit
My SPXL shares are back to profit if you include the covered call profits TQQQ still down about 7% lmfao
SPXL can definitely be addictive! 💊
Thats the thing though, its just a hedge. I'd rather take a 100% loss on every hedge I take out because my shares would have gone up. Thats the whole trick to my 0dte hedging. It allows me to take positions in 3x leverage funds like SPXL and TQQQ, while being able to actually absorb the losses and maybe even profit a little in market downturns. Something like, QQQ and TQQQ dump - lose 5/6k, 0dte put goes up, gain 3-6k. Successful hedge. Now I have no downside protection and no ability to dca. Going to have to reshape the strategy for 3 months...
Sitting on like 80k cash. Feeling cute and might go with TQQQ or SPXL
Don't do options unless you understand or can easily buy them without straining finances in the slightest. If you want to play it risky, just buy leveraged ETF like SPXL or YINN instead. By buying/selling the two at correct times, you could still have the potential to receive 50%+ in return per year without the same risk.
god damn bro I had most of my cash in SPXL and TQQQ minus 10% today lol fuck
>I closed all of my positions...QQQ, TQQQ, QQQ credit spreads, and other options. If I open...SPY (SPXL, SPY, SPY credit spreads), is that going to trigger a wash sale? No.
I won't lie - it can be very stressful at times. A lot of my free time is spent hunting for every little tidbit of news that may influence commodities. It was a lot easier and less nerve-racking to just have everything sit in BRK and VOO/SPXL and not really pay attention to the news.
Been having more luck all year swing trading SPXL than I ever did with options lol
Probably going to regret this come tomorrow morning when some absolutely stupid shit happens while I sleep, but parked my free cash in more SPXL/TQQQ shares after hours
I feel like this is still a great time to go long, is it not? Just grabbed 100x SPXL 6x SPY 700C 03/20 1x weekly CSP NVDA 185P
DCA'ing out of SPXL - I noticed my new share total is 47 shares........ Thats a buy signal folks. 47 - 47th president. Trump DD Calls
Bigger size in SPXL/TQQQ > calls right now
If all goes well, I'll collect an easy 5k in put premiums by late February all while riding SPXL/TQQQ to the next ATH before The Great Ruggening of 2026 comes
I sold a bunch of March puts and grabbed some SPXL/TQQQ shares so we should be at SPY 600 by then
60% AGQ, 20% SPXL, 20% SPXS wat do
ur onto something. hodl it is. last time we had huge news i was balls deep in SPY calls lost 30k lol. this time in split between SLV, AAPL, SPXL, NVDA.
SPXL until i can full port margin SPY 0DTE
LOOOL ME TOO Feeling a bit better than last time though. 30k split between SPXL, AAPU, and AGQ
Genuinely hope I see liberation day 1000 pts drop on SPX ill fucken full margin into SPXL and just delete my shit for a month
Guess I'll load up on SPXL and TQQQ on Tuesday morning to swing a recovery attempt
I need a 3X leveraged ETF that’s made up of TQQQ, SPXL, SOXL, NVDL, TSLL
I bought RKLX (the 2x leveraged RKLB) just after the bottom about a month and half ago. Sold covered calls on it earlier this week for $70 strike. If it hits I’m taking half my profit and throwing it into reg RKLB and rest into SPXL. Nice 300% profit at this point
I did about the exact opposite.. purchased TQQQ and SPXL right around the bottoms and watched them go up 20-30% in a single day… I did sell a few of my speculative stocks to purchase them but those I was up a ton on anyways so win win. Beat the S&P by 44% this year. But yes if the market would have kept going down I would have been toast.
\> Just sayin no one wins with options, but it is certainly fun to try! Some people do win. IE: Look at SPXL or TQQQ. They use options to obtain leverage - and have DRASTICALLY outperformed a simple "buy and hold shares" strategy.
I'm going to be the most boring trader in fucking history this year Once I close out these existing calls, going to toss all my money into SPY, sell a couple covered calls a few months out then wait for a 5-10% pullback to buy those back then go all in on SPXL/TQQQ
Buy calls for the January pump Sell those at next ATH Sit on your goddamn hands and wait for a 5%+ retracement in Q1 All in on SPXL/TQQQ for an easy +25% year Ok let's do that markets, please and thank you in advance for 2026
SPXL bottomed at 220.68 I caught 50 shares at 220.71. nasty work im the goat
Greed gets the best of us. My advice: Do not scale up. If you trade SPW or SPY do not scale up to SPX. Buy a bunch of /mes instead of using /es. If you trade TQQQ/SQQQ or SPXL/SPXS do not scale up to options. Take that first $100,000 and never touch it again. Have two brokers or three preferably. You can recover because you are 6 feet above ground.
Up 40% in my Roth primarily due to RDDT , URA, and TQQQ/SPXL. At one point was down 11%, but the key is too stick with your convictions(i.e. have been very high on RDDT and uranium). SPXL and TQQQ were more timing plays based on technicals.
Im buying a 232.5 C for SPXL just cause you mentioned it. Gods speed
Hold your SPXL or grab a cheap 0dte call or two on SPX tomorrow morning, but if you're making any big buys on the index after these last few days - with a chart that looks like it does, honestly, you deserve the loss porn youll be posting next week braindead bols. and thats coming from a bol.
Next week I will be selling my SPXL and buying GOOG to add on to what I already have. It might drop here and there but in Dec 2026 I'm hoping it will be at $400.
If they're going to run hot and keep cutting, it's time to capitulate. I might get ahead of FOMC on 1/28, but SPY call premiums are jacked. TQQQ and SPXL on next 1% dip before FOMC.
I just got me a 70 SPXL to add to 105 I had. Hoping for the Santa Rally to do its magic.
As a compromise, I sold the call on 12/4 for a $2660 credit. I bought 3.6 shares of SPXL for long term and a $700 call expiring 12/31 which cost $700. So far, I'm down around $72 on SPXL shares and $550 on the 12/31 call. [https://optionstrat.com/build/custom/SPY/SPYx11@676.26,.SPY251231C690@7,-.SPY251219C660@26.6](https://optionstrat.com/build/custom/SPY/SPYx11@676.26,.SPY251231C690@7,-.SPY251219C660@26.6)
TQQQ follow this startegy. You know fibonacci sequence right? so buy 1 share of TQQQ when it hits 50$ and 1 more at 48, 2 at 46, 3 at 44, 5 at 42, 8 at 40, 13 at 38 and so on. Now sell the 90% of shares brought at +2 price .9 share brought at 50 at 52 and .9(48) share at 50, 1.8(46) at 48, 2.7(44) at 46, 7.2(42) at 44 and so on what you gonna do with 10%? save it till TQQQ hits all time high and sell all of it together. To execute it precisely code it your self on Python with “robin-stocks” package. Other Stocks which you can do the similar is SPYU(2 or 1.5$ intervals as its price moment is slow), SPXL(5$ intervals) Why 3x or 4x leverage? Because QQQ is a very relevant ETF which has high growth potential and its very volatile. It can tank quickly and vice versa. It has to fall when it hits ATH and it has to rise when it hits ATL. timing TQQQ is very hard this fibonacci Sequence buy gives you pretty good DCA. Cons : you need to buy 987 shares @ 18$, 1597 @ 16$, 2584 @ 14$ and 4181 @ 12$. You gonna buy 10945 shares when TQQQ drops from 50$ to 12$. Now look at the weighted average so you gonna buy 10945 shares @ 18$ on average which sums upto 200k$ I did this using 22k (brought .1 shares instead of 1 share and subsequently divide all finonacci numbers by 10 and made roughly 32400$ selling 80% shares at 2$ high and remaining 20% at ATH @110 ) april this year before TQQQ split on 5$ interval starting from 100$. I wanna do this on 10x scale as I am doing it on .1 scale.
LULU csp's and GOOGL csp's for the win. Closing lulu position at open to watch SPX. If were looking promising might dump the 18k into SPXL. although lately ive been fucking around with TQQQ in favor of SPXL logic being that since tech is whats been driving spx mostly, might aswell focus on qqq for the extra juice. and tqqq well since were doing leverage
Today is a day for fun gambling, honestly. FOMC volatility is always fun for the hundred bucks you got burning in your pocket. Keeping my long positions 2x NVDA CSP 190 12/12, 100 shares TQQQ / 50 shares SPXL waiting for that JPOW dip to buy a 0dte spx call
I'm by no means a professional trader, but it really sounds like your plan is to take on even more risk. SPXL and TQQQ can be just as risky as trading options. It might work during a bull market, but can destroy you during a bear market. Hedging most likely won't save you either as there's no perfect hedge, as far as I'm aware. The systems that seem to work long-term tend to be slow and boring with very strict risk management, not more leverage. So I hope the biggest lesson you learned was related to risk management.
against the advice of many, I chose to engage in the learning process with my own money rather than paper trading. Doing my best to build a system that I can rely on for years to come, as opposed to just yolo gambling. Im too young for this head of gray hair I have. The money lost isnt necessarily the issue, its the lack of a system. I think i've found a little strategy that works, so im trying to consistently rock it. Honestly swing trading SPXL and TQQQ is just as fruitful as trading options, with less risk. leaning into that + CSP sales on stocks I like. Might take longer to earn back than it took to lose, but I want to create a consistent source of money here.
I like to protect myself against short dated calls, while looking for entries on charts like 15m. I just entered 20k USD into SPXL so, calls basically.
I put all my money into SPXL
TQQQ is trash when mag7 aren't moving tbh. Maybe SPXL is the play for when MMs are being pathetic and "defensive" wooooooooo scaaaaary .25% cut
Just for a counterpoint - although drag exists - over the long term they do tend to drastically outperform as long as markets do go up over the long run. For a 5yr comparison (there was a bear market in there): SPY returned \~85%, SPXL \~222% QQQ returned \~104%, TQQQ \~166% \--- Over a 15 year timeframe, it gets more extreme: SPXL returned \~3600% SPY returned \~600% \--- It gets even more extreme if you go further back in time. As long as markets go up you're fine. If they go sideways for 10 years - you'll lose with the triple leveraged ETFs, yes.
Decay is a thing, but I'm hard pressed to find where some major index leveraged funds would underperform long term. Take SSO or SPXL for instance. Graph them along side of SPY and see what you get. Assuming your underlying goes up over time, you should be good. Sideways and down kills you. So you have to ask yourself... how confident are you?
I've tried calendarized spreads with SPXL, but kept hitting mixed liquidity not far from strike, maybe I'll try TQQQ, thanks.
Assuming market keeps going up. However, what about decay or years when the market is returning below the borrowing rates and the rates keep going up? Also, the strategy works because you inflate the balloon more in the one "bear market" you faced in 2022. Imagine facing it at this moment and having to do the same today. Reminds me of the one user who got SPXL at the 2009 lows so they "forgot about it" and they actually beat these returns without borrowing a dime. You built a leveraged world etf. It'll work until it doesn't.
SPXL started in 2008 and TQQQ in 2010, so your 25 yrs of data is very impressive
But daily reset doesn't matter for anything long term. It just means you get a drawdown during the day. On average markets go up - which means on average more up than down days. Over the long term (going back as far as 25yrs on several major ETFs) the triple leverage outperformed in every instance. I'm not looking at the daily volatilty - but rather long term trends. Say I were to invest my retirement account. If it's all in SPY right now - why wouldn't I swap it to SPXL? Over any long timeframe it outperformed - quite drastically too. I don't care about the daily drawdowns - they literally don't matter for the long term. It's just short term volatility.
Why would anyone invest in SPY or QQQ over [SPXL](https://etfdb.com/etf/SPXL/) or TQQQ? Over any long timeframe the triple leveraged outperforms, consistently.
Comes with high volatility trading strategies. So long as you reweight the portfolio every few months (or before expiration using options) - the high leverage can and **will** outperform in the long term. The short term drawdowns (sometimes by as much as 40-50%+) are normal volaility in the portfolios. They'll never go to 0 tho so long as you keep rolling them. They outperform, by a large margin too. In the short term (ie: bear markets, 2-3yrs typically) they will underperform, but as soon as it starts going up again - they drastically outperform making up for all the unrealized losses and more. \--- IE #1: Compare QQQ vs TQQQ over 10yrs QQQ (5yr): 102% QQQ (10yr): \~600% TQQQ (5yr): 160% TQQQ (10yr): \~2300% \--- IE #2: Compare SPY vs SPXL over 10yrs SPY (5yr): 87%: SPY (10yr): \~350% SPXL (5yr): 221% SPXL (10yr): \~950% \--- \> I think his 40% loss is a much better indicator of his trading acumen It's a 40% drawdown, unless he is panic selling things. It's a property of higher leverage strategies. My last few trades had 30-50% drawdowns in the short term but by expiration (2-4 months) were up over 100% each. I should have held longer instead of taking profits - one would have ended up over \~400% here. \--- The literal \*only\* thing that matters with options is the price at expiration if you are playing a long term strategy. Everything inbetween is noise.
Yeah, ups and downs. I even sold rest of all. And ported in SPXL. 😀
Sold none of my TQQQ/SPXL calls today so basically that means it’s gonna tank tomorrow 😎
taking profit on all my leveraged longs I grabbed at the end of last week. TQQQ, SPXL, SOXL, NVDL, AMDL, PLTU ... time to shop for Christmas presents.
So the SPXL or UPRO (3x S&P 500) would be better in that regard.
Scurried back to cash and UVIX when Taco started threatening members of Congress this morning, been buying the dips since noon and reloading my positions in TQQQ, SPXL, NVDL, AMDL, and SOXL.
taking profits on NVDL, SPXL, TQQQ, and SOXL. Leaving the non-leveraged longs running, but this market is super sketchy right now.
Any idea how much it could pop? Like 20% from the top ? Even then, it still has a lot of potential, so maybe it would return to current levels. Buffets sitting on cash rn. Is that a good idea? When it tanks, is the move to buy SPXL?
the way i see it , throw in money you'd otherwise be alright not adding to the down payment since there's a chance it could go left. however 10k out of the 40k could possibly make you 12k. or 8k... once it does end up going up if you're already in the house you could always throw that jawn at the principle down the road. personal finance is very personal. for 3 years i was putting my down payment in SPXL, very frowned upon but it killed shit and dragged em home for me...
SPXL and TQQQ are not for faint of heart. I’ve been buying both for years. So far this year my account halved in value (April), it’s tripled since the April lows.
Not to diminish the amazing result (28% annual returns), but for those of us investing in SPXL, UPRO, SSO, etc. today, I think it is worth noting that this success was largely due to investing when the levered ETF had crashed 70-80%. That's the time to go all. Otherwise, it's best to build a portfolio like 40% UPRO, 30% ZROZ, 30% GLDM and target returns that beat the S&P by just a couple percent annualized. Would be interested in OP and others' perspective, but the huge cajones was going all in on massive leverage when everyone though the world was ending. Having cajones today and thinking the result (without a hedged portfolio) will be the same in a decade or two is probably wrong. Wait for the crash and go hedged until then. Even then, worth noting OP suffered a 76% drawdown on a $930k balance in early 2020. He'd made enough from 2010 to 2020 in the levered position to still be ahead vs just having invested in SPY or VOO, but tough to watch $700k evaporate in a month. [https://testfol.io/?s=52fT0SdC39B](https://testfol.io/?s=52fT0SdC39B)
I didn't say anything about SPX haha. I like SPXL
The right tool is: SPXL = 3 x SPY Obviously it's slightly more complicated than that but seriously, just multiplying the daily return by 3 is all that's needed. I have confirmed on the actual SPXL data that this works properly.
As SPXL started in 2008, I highly doubt you had the right tools to backtest it to 1979 accounting for fund rebalancing. But if you do, go ahead and send it.
I can send you the plot for that specific one later, but having run literally every possible window I can already assure you that SPXL comes out on top.
I do Fourier & Fibonacci. Not a swipe at Elliot, but OG Fourier provides better resolution to call the window. I called the flip on BTC-USD couple of weeks back, sync'd to SPY, SPXL & gold characteristics. Norm'd the 1-year archive all 0-100% with GLD offset by Fibo deriv (38.2). Ran the Fourier cyclic ahead to the next cross, it showed Nov 7 as the break. Can't post image here but on request. Shows that "digital gold" runs very cyclic with divergence, convergence, and alignment to gold cycles repeating. Nov 7 is the flip on divergence/convergence. I'm only trading SPY derivatives, started positioning Wednesday in anticipation of near-term low today. If I see the simple math via F&F, large funded algos crunching large data pools 24/7, do too. Correlation isn't causation, but a whale seeing what I see, makes a big splash. Not financial advice.
So if the S&P 500 declines 34% over a 1 month period, not more than a few percent per day, you're confident that SPXL would be wiped out? It's not a miracle, it's math. You can backtest SPXL back to the 1920s. It strictly dominates the S&P 500.
Your post made me think if I should invest in SPXL (or TQQQ maybe). Would you still invest 70k in today's world or would you wait for the bubble to pop before going in?
Are you saying we've been on a bull run since the 1920s? Because every 30-year period since the 1920s shows SPXL dominating the S&P 500. Sometimes by enough to make a poor person a billionaire.
Well I like to play on SPXL swings but this scares me
It's not a gamble. You can backtest SPXL to the entire history of the S&P 500 and SPXL wins in every possible 30-year period, often by enormous amounts of money. SPXL is strictly better than SPY.
You can backtest SPXL during nearly any 15 year period and it will be ahead of SPY. Every possible 30 year period is ahead of SPY.
Do you think it's happening again. I had worked in some of Lehman's portfolio in RE. Back then, I didn't buy any options or SPXL..Now I am aware
There has been volatility just not enough for decay to affect etfs that have constant upside like SPXL and TQQQ. SOXL since it's only a sector is a different story
Nothing wrong with holding something like TQQQ or SPXL because of low volatility on those indexes. Its individual stock ETF's where it gets tricky.
Should i just liquidate all my losing calls into SPXL 2027?
Best strategy (for passive income) is go for long term. buy gradually (SPY or QQQ, VOO, SPXL) every month, and buy even more during market crash and hold for 10-15 year to make a fortune
I didn't realize that post was one year old lol. I cant help but to go down the rabbit hole to look at more of your older posts😂 Your journey has been so impressive, considering you cashing out a huge portion of this SPXL position, is it something you see in the market that you believe we are at the highest point? I stopped buying in stocks since September this year and sold a few positions to put in SGOV, hoping for a market downturn. Unfortunately this government shutdown is forcing me use my reserves and no income🤷🏻♂️ Anyway I hope I will be able to buy value stocks like you back in 09-12 if a crash comes, is that what you think will happen soon?
I never knew people held SPXL for more than a week. More than a decade is wild. Congrats on the winning gamble!
OP here. This was during the deepest depths of the Great Recession in early 2010, this was right after Bear Stearns and Wachovia and Washington Mutual and Lehman failed and Merrill was about to fail and TARP was passed and banks were trading at 3 cents on the dollars and people were making runs on ATMs for cash. No one wanted anything to do with the stock market and everyone's 401k was down 50% plus. It got so bad that starting in January I started telling myself things are prices for the end of capitalism and do I really think western finance is going to collapse. I told myself that if the answer is no then to sack up and start buying SPX because in 5-10 years I'll be up by a lot. But I was young and hadn't saved a lot so I said fuck it and triple leveraged into SPXL. I thought I'd be out in 1-2 years max. Here we are 15 years later. What a life.
Just sold 20k of SPXL on same vibes.
Triple leverage spy (SPXL) and short usd 🚀
Triple leverage spy (SPXL) and short usd 🚀🚀🚀🚀🚀🚀
Wait, I thought you can trade US stocks like NVDA or TSLA and ETFs like SPY or SPXL in ISK - is that not the case?
Hey stop it. You're not supposed to bring up statistics and facts in this sub. SP500 CAPE ratio registers at 40 and Stock to GDP ratio (Warren Buffett indicator) registers at over 200% as we speak. What's the problem dude? Just VOO and chill. In fact, you should go straight for leveraged ETFs: SPXL and TQQQ. Buy as much as you can. Markets can only go up. Liquidity is infinite. SPY at 7000 by the end of the year. If shit hits the fan, the Fed will save investors. I forgot to mention that I also believe in Santa Claus. /s of course
I do this a bit with QQQ and TQQQ. When do you exit SPXL?
99.99% of us would have better P&L’s if they just bought SPXL every time SPY hit the 200 dma but nobody wants to hear it
Hold gold, short SPXL on crash.
Kinda hoping we open -2% tomorrow after China escalates while we sleep so I can take off my hedges and buy more SPXL/TQQQ for the EOY ramp