SPXL
Direxion Daily S&P500® Bull 3X Shares
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Boring $4,000,000 gain with triple-leveraged SPXL. I told WSB 6mo ago I would sell at $3.1m, am glad I TACO'ed.
My mom's retirement money all in on SPXL
UPRO $432 YOLO, avg 99.16, stop at 105: poor man's 3x SPY trade
5.5 years to become a profitable gambler
Opening SPY Positions Today after Selling All QQQ on 12/31 to Avoid Wash Sale
I may have just nuked 11 years of savings in the last few minutes before close
I am a Quant Trader and here I am to save you time from trading EMAs for long term
Boring $3.1 million gain with SPXL. Selling now, I'm glad this is over with.
How the Stock Market Really Works: From a Crypto Trader Quantitative Savant
Canadian-Listed 3× ETFs Now Trading
After selling UVIX and buying the dip with SPXL/TQQQ, I am now a millionaire.
For those truly interested in leveraged investing, this insight is worth careful consideration.
What to do when run out of free cash and uncertain markets
I all-in'd and held 400k in UVIX for 6 months. I finally sold.
Feels good to bet big and get it right. Let's goooooo 😎
Our AI Predicted the SPX 10% Drop—Here’s How It Made 100% Gains (and What’s Next)
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?
Mentions
Why not both? If you're more bullish on tech then higher allocation towards QQQM. Also check this post and put some in SPXL and TQQQ: https://www.reddit.com/r/wallstreetbets/s/WdzhQNf4JZ
"I'll just park these $400k profits in $SPXL till I come up with a new play. I mean what's it gonna do, -10% in a day?" -yours truly
Check out SPYU 4x leveraged spy. It’s so leveraged to the tits it has barely outperformed SPXL 3x on an insane up year
I know I’m 10 days late, but why’d you pick SPXL over UPRO?
This. DCA weekly into SPXL.
In a bull market all it takes is leverage. Take out 1.2x leverage and you win 20% more. Just look at SPXL vs SPY. SPXL is up 173% in 5 years and SPY is up 77%
Even in bear times one can buy calls on $SPXL
People pussyfooting around what it means to be “aggressive” in long term investing I’ve been holding SPXL, TECL, and SOXL for well over 5 years Only way I could be more aggressive is if I bought them on margin
Should I buy $SPXL rn for monday? Will monday be green?
I belong here. I bought some SPXL yesterday
Working a 9-to-5 after grad school and collecting a paycheck. I didn't even start saving and investing first, I just threw everything left from my first paychecks at the student debt until I was back to zero. Worked the first decade building a nest egg and living frugally, with small trades on the side learning from my mistakes. Ultimately reached $1,000,000 net worth doing that. One million means I can get certified as an accredited investor under SEC regulations, meaning the door opened to private equity and private commercial real estate investments. Gains from that, my taxable stock portfolio and my ongoing paycheck have just kept stacking after that. I retired about seven years ago and I now just live on the dividends. This SPXL position pays me about $30,000 a year in dividends.
Take a look at the all time chart on SPXL, it's been a wild ass ride. Hasn't been good on my long-term health holding this so long.
wats so hard about cycling in and out? sure you take less profit (IF) it rips but, it’s menial, and you have a self-rebalancing aspect? I scaled out of my larger TQQQ/SPXL positions, and just running a couple cheap calls to offset the possibility of further upside and losing that profit. if i’m wrong, profits were taken and losses become menial.
If you are using leveraged ETFs, at least compare yourself with the leveraged SP500 no? SPXL/UPRO. SPXL is up 105% over the past 2 years -> You generated no alpha
For 5 percent just put it in KORU and SPXL or KEEX oe MUU for a week or two, jeez. Momentum is real.
You‘re missing valuable leverage on the S&P. Add in SPXL as well
SPXL 270s were only 3$, let's see if this is a good lotto
If you like money, choose SPXL over VOO
Do I hold these SPXL calls like a regard or sell at open
If we have red day tomorrow and monday in loading up on SPXL calls
At your age I would consider buying SPX (or ETF equivalent) and SSO, maybe half and half. I don't think SPXL is a good idea personally. Basically hold the SPX until 10 years before retirement and then move 10-15% of it annually into bonds or something less risky until you're about 50% SPX and 50% conservative item. The SSO you hold for at least 15 years, but if there is a crash you have to add 5, 10, or 15 more years to it. Basically with the leveraged one the key is just to get out of it at some point when you're up after 15 years or some other relatively long time. You could hold it longer but I think this is a good approach. Or you could just skip the SSO and do SPX, but I think 2x leverage or less is basically OK.
Which is weird because im seeing options for next week on SPY dirt cheap, SPXL calls for 45$ next friday?? Dont mind if I do if this wants to keep running
Update. Based on a simple back test of VIX levels it’s slightly more profitable to hold SPXL. Still working on a solution
Why would you need ChatGPT for that? The data is on Yahoo, for free. You can check it without worrying about AI hallucinations and you can get an idea if you have a reasonable chance of executing the trades. I created and back tested my own strategy using long and short 3x ETFs several years ago and I started using it in 2022. On paper, back tested to December 2010, my strategy was giving 110% annual returns and making a trade once every 10 - 40 months. In reality, I have something around a 50% CAGR since then. But, I will say, you have to have the stomach for a 50% draw down. It is guaranteed to happen a lot. And just in the last year I went short and had it go against me, as the underlying just kept going up. If you're starting with $5,000 and have a job, you can go all in on a strategy like that initially, but, it doesn't take long before it just isn't comfortable and you have to keep a large portion in something very stable. You can do very well and sleep better at night by skipping the short side and just using SPXL and sitting in cash without going short. It's an option.
Right! I'm holding TQQQ and SPXL to the moon!
I wish that my wife and I can make as much as you and your wife. Really good financial situation you are in right now. If you are in doubt about of the market. You can put a little for say $250 a month into the auto invest account. I put to a leveraged ETFs like SPXL TQQQ, SOXL, but you can put to regular ETFs. I put $50 a week to my account since 2019 and I got $35000 gain from my total investment of $15000.
SPXL when s&p500 is at ATH, gg man
Why stop there? An ATM call on SPXL expiring Jan 27 is $40. That's basically 500x leverage on SPY. Go full regard
Probably do this with your money and not your moms. There is nothing wrong with LETFs if you have a game plan. I have my Roth in leveraged strategy but it’s not 100% 3x equity. The people crying about decay don’t understand they just parrot back what they hear. Yes it stonks trade sideways for decades you’ll lose money. At the end of the day stonks do always go up, so as long as you size and hedge appropriately, you can properly manage it. 100% SPXL is a little too risk on for me. And I definitely wouldn’t bet my mom’s retirement on it.
Buy: SPXL. Borrow: All that money from your mom. Die: Hope that she dies before she finds out how dissappainting you are.
Or TQQQ/SPXL/FNGU the last decade
SPXL resets leverage daily, so it’s not as bad as holding a typical leveraged etf long term
SPXL is even more fun, it is 3X.
Isn't SPXL 2x? Maybe a few days, not weeks 🤣
I like SPXL but I feel like we need to come back to earth a little first before a longer run. Very extended currently
I used chat GPT to backtest a strategy using SPXL with a VIX and crude oil based possible flip to SPXL. I think the flip is going to be where money is lost but maybe base the sell of SPXL on it and come back in a day or two later when markets start to settle. We’re gonna see the results of it.
SPXL calls are getting rinsed, feels like someone knows something
SPXL is getting slapped for options despite the small downward movement today, weird
i do both weekly contributions simultaniously. $150 into my roth and $150 into a brokerage. $55 in FCNTX, $55 into FXAIX, $20 into FSELX & $20 into SPXL. perfectly the same between both accounts. I also use Goldman Sachs Apple Savings for my HYSA getting 3.65% if that helps.
I use SPXU 3x leveraged inverse ETF Buy in morning, watch it constantly, sell usually the same day Fun for market timing, also use SPXL if I think we're gonna pump
Park it in TQQQ and/or SPXL shares. Hold long term.
and nobody in this thread is in the know only those that can say they predicted it are dip buyers. those guys don’t care about swings up or down, just care about entry. honestly gonna start just DCA into SPXL on every dip and that’s it mane.
The market can never go down again. Just put my entire net worth, mortgaged the house, sold every possession and threw it at SPXL.
Sacrificing my port to the SPXL gods. Capitulation is here. Act accordingly.
I bought SPXL 195 calls but dumped them after the first scam pump L0L. How was I supposed to know the scam pumps would just keep happening with no retracement.
Another way is to put only 1/3rd into SPXL and the other 2/3rds in SGOV, which more or less will get you the market return on the entire portfolio while only putting 1/3rd at risk, plus the TBill rate on 2/3rds of it. Then, whenever the S&P 500 sells off 20%+, deploy extra cash into SPXL. It's a safer way to use SPXL.
Yeah I know… the sp500 did exceptionally good the last 140 years with a CAGR of 10% If it keeps going like the last 140 years: Perfect. Then SPXL with some SMA strategy is good. But sp500 is projected to make less than 10% the next years.. I‘m probably gonna use it anyways. But I want to add another leveraged exposure, too. Like futures or synthetic futures so I get also a yearly leverage and not only a daily leverage. Diversifying the method of leverage, if you will.
Some 3x leveraged ETFs don't work over long periods of time, but SPXL does, because the S&P 500 has slightly more of an upside bias. SPXL started trading on November 5, 2008. I'll use 17.5 years for the CAGR calculation. It opened at $4.81 and closed today at $215.91. That's a 24.28% CAGR. SPY during the same period went from $99.20 to $686.10, which is an 11.68% CAGR. So, SPXL did a little over twice as well as SPY over a very long period of time. Granted it wasn't 3x, but that's still pretty impressive for a period that long, and which included the tail end of the 2008 crash, 5 bear markets, and 8 corrections.
Yes I know of leveraged ETFs like SPXL but the problem with them that they work rather poorly when volatility is high. You can still end up with weaker performance at the end even tho the sp500 had (lets say) 6% CAGR. That‘s why I wanted a clean leverage over a longer period, not a daily leverage because I dont want path dependance and volatility decay. Youre right about the „bet“. That‘s why I want to actively manage the risk. I‘ve heard about leveraged ETFs and SMA rules. I want to do similar to that but just not with daily leverage
UPRO $432 YOLO, avg 99.16, stop at 105: poor man's 3x SPY trade **Position** * 4 shares UPRO @ 99.16 avg * 68.93% of port (do not ask about the other 31%) * Open P&L: +$35.57 / +8.97% * Stop: $105. Hard. No moving it, no "just let it breathe bro" **The trade** I'm long 3x leveraged SPY into a tape where every large cap with three letters and a GPU is signing nine-figure capex deals before lunch. Meta just committed another $21B to CoreWeave this morning. Amazon is stocking Lilly's weight-loss pill in kiosks like it's Red Bull. The machines are buying, the boomers are buying, and the only thing the Fed is doing is watching. If you believe the AI capex cycle has another quarter in it, the cleanest way to express that without picking which hyperscaler ate the most glue is long index. And if you want 3x the pain with 3x the upside, that's UPRO. **Why UPRO and not SPY or futures** * SPY: boring, I'm not a pension fund * ES: I don't have the margin and I like sleeping * SPXL: same thing, Direxion just has worse swag * UPRO: 3x daily reset, tight spreads, and the decay only kills you if you buy chop. I did not buy chop. I bought the breakout. **The stop** 105 is \~3% below spot. On 3x that means SPX needs to drop \~1% through my line to clip me. Below 105 the chart loses the short-term structure I bought on and I'd rather eat a $15 loss than sit here arguing with the tape for two weeks. If we hit 105, I'm out. No averaging down. No "maybe just half." Out. **Risks** * AI capex trade finally gets the cold shower. Meta's $21B got a lukewarm reception this morning and if the next hyperscaler print misses on margins, the whole complex rolls * Hot CPI or labor print drags yields back above 4.5% and the multiple expansion thesis dies in a ditch * Leverage decay if we chop sideways for a week. UPRO bleeds in range-bound tape * I have four shares. Four. If I'm right, I buy a nice dinner. If I'm wrong, I buy a less nice dinner **Positioning** $432 notional, \~$1,300 equivalent SPY exposure at 3x. Stop at 105 = \~$12 max loss from here, \~$15 from avg. R:R at this point is basically free roll because I'm already sitting on +$35. https://preview.redd.it/u14h6df4o6ug1.png?width=924&format=png&auto=webp&s=9cfa923a73416a167d87c44c1fb858c8616374b5 Not financial advice. I'm a guy with four shares of a leveraged ETF. Take trading cues from me at your own regardation.
Next time, you could just roll from spy to TQQQ/SPXL. You 1x the ride down and 3x it up. Its not exciting but it grows. Then when a new ATH SPY is hit, roll it back to spy. Just dont lose patience and try to swing trade tqqq with your port or you get caught with your pants down like I did.
I decided to dip my toes in the market by buying a few SPXL shares at the end of the day. I wish I bought much more. 😭😭😭
Did you keep any dry powder? Would be a good time to hedge with SPXL... 🙄
The spread on SPXL options is so fucking terrible and the leverage is priced into the option, so you're not getting anything more than with SPY options. You belong here
Options take in the volatility of 3x leveraged ETFs in their pricing. Theres no reason to buy options on 3x leveraged ETFs other than to get worse fills and lower volume. An SPX option would make the same percentage gains/losses as SPXL option
SPXL/U options are where it's at!
Bro that’s like 37 US dollars and a Tim Hortons gift card, I’ll be fine But fr, it’s about 15k USD. Still a chunky gamble on SPXL if this “little correction” keeps correcting
The 6000% chart is basically cherry-picked from a mostly straight up decade; 3x daily leverage is amazing in a trend and brutal in chop. Borrowing to hold SPXL through a sideways year is how you learn what volatility drag feels like in real time.
Puts on SPXL or calls on SPXS?
damn, that’s a bold move! ngl, SPXL can be a wild ride, especially with all the headlines around the Iran situation and housing market jitters. hope you're right about it just being a correction and not a full-on bear market. have you thought about how you’d handle it if it dips more than you expect? just keep an eye on it... good luck, man!
But why SPXL? At this rate, might as well bet bigger, TQQQ or SOXL.
As long as SPY rallies within 3 years you'll be fine. 3 year SPXL return has always been at least 2x of SPY.
Question. A leveraged 3x like spxl. Let’s say s&p goes down by 50% then recovers. Will SPXL do the same? Or since it will have a sharper decline it won’t go back to even?
What are we buying when we bottom out? I vote SPXL
Wait for it to dip another ~5% then SPXL
I’m buying shares of SPXL in my real portfolio but full porting puts in my gambling one lol
I'd just focus on SPXL and SPXS until this Iranian flap is over.
Just waiting for JPM collar June print at this point Til then, just been scalping this SPXL range
Might just full port SPXL shares and close apps for the year
I don't trust a fucking thing so just starting to buy some boring SPY and QQQ shares If we continue lower after I'm fully invested, I'll just sell and convert so SPXL and TQQQ Shit is too tenuous to be touching options
I was holding a massive amount of SPXL at the time. I didn't want to pay taxes on the long-term gains, so I ate a very large decline on paper for that year. However, shorting key industries helped to significantly lessen the blow and allowed me to dollar-cost average while waiting for CPI and PPI to cool. For instance, back in early January, NFLX dropped 25%-ish after their earnings call. That drop was spurred by a strong decline in subscriber growth. People were also starting to worry about inflation, so that exacerbated the sell-off. TGT and WMT dropped anywhere from 20-30% across a few sessions after their earning calls in April and May. They were experiencing lower revenues due to inflation-driven consumer cutbacks. META dropped some 60% due to ad revenue declines. Buying monthly puts on every other mid-cap and large-cap company after witnessing those earnings calls was good money.
Same thing happened to me last year with tarrif announcement first quarter 2025. Put a modest $8k in SPXL and VOOG and was immediately down to $6k in 3 weeks. Flash forward 7 months I was up to $10.4k. Even with current dip im at $9.4k from my initial $8k investment exactly 1 year ago. Im holding onto $3k right now and waiting to invest in either TSLA, or more in SPXL.
Ok cashed the puts, tossed my free cash into SPXL/TQQQ so let's do another stupid pump please
Opened a starter position in SPXL/TQQQ to swing an attempted rebound, expecting to add more under 671 though
I hold SPY and some SPXL. I sell far OTM, 60-day out credit spreads. I watch the decay daily, it is very boring, but not boring when I see the cash hit my bank account
Genuinely ask why you're doing it. Took me a while to realize I was wasting all my profit away on the thrill of potentially making more. Plenty of good trades followed by autistic trades. Are you just swing trading? If you are - ask yourself if you really have A) the tolerance and B) the need for options? I've found that, with a portfolio of size like yours, you can just swing trade shares and leveraged etf's for - way more consistent gains, still with leverage, without depending on complex option mechanics you don't understand. I saw alot of my losses were on short dated SPX/SPY options, so I started swinging SPXL / SPY instead. Its slower sure, you don't buy a 50$ contract and randomly turn it into 1.5k but, you can be directionally wrong and just hold to absorb the loss until it returns. That last part is only true for quality assets with historical track records like S&P, Nasdaq, etc. Quality companies fit the bill here too, but regardless are riskier.
Buying and holding SPXL (or other leveraged ETFs)? Not really. You have firm control of your downside and can use stop losses. There are circuit breakers in place to prevent total loss in case your automated stop losses fail and they give good returns in the right market environments. The main risks are sudden negative volatility/price shocks and prolonged flat markets.
SPXL you're paying a near 1% management fee and daily rebalancing on top of the roll cost, right? Regarding "hold and ride it out" with the SPXL shares: a convenient chart in the prospectus shows that if the index stays flat (0% return), you might expect a -17% return at 25% annualized volatility. Ouch. (25% vol example here since "the Index’s annualized historical volatility rate for the five year period ended December 31, 2024 was 21.34%.") One meaningful risk I see in the LEAPS call is locking in the current interest rate. At delta 95 on SPY, most of the extrinsic premium is implied financing, not volatility. If the market turns against you, the LEAPS call is almost certainly the winner by a wide margin (it requires you to take action, though, eg, buy shares, sell a put, etc). I'm not sure I'd want a LEAPS without hedging for vol and rates, but I also don't see how SPXL fits this situation.
Depends how long you're good tying up capital. If you're ok to tie it up for 5 to 10 years on SPXL and handle a 70% drawdown then do that. If you don't want to but the leaps. With SPXL you can average down way easier if things go down. With the leaps you're kinda stuck or averaging down with tens of thousands and can't roll a 2 year leap for a while.
OP never mentioned SPXL options.
SPXL is also leveraged down, so depending on the market move it can lose value faster than the LEAPS options, which may retain higher extrinsic value (theta, vega,) Personally if I was aiming two years out on SPY I would buy the LEAPS option, not the SPXL. I also am predicting another wild ride this year so there is that. PS you can also sell covered calls on LEAPS
Do not buy LEAPS on SPXL. The added leverage will kill you if we get a big enough pullback or correction.
Higher risk higher reward with a leap if your timing and thesis that the market will be bullish enough within a relatively good amount of time plays out. If you are not good on timing, reading the markets, and managing your positions with proper risk management / hedging mechanisms then you are better off just holding SPXL for the long and sell covered calls and buying protective put when markets go really bearish. Always imagine the worst case scenarios, like what if the market goes sideways or goes bearish for the next 1-2 years? At least your SPXL position will still have value while your leaps get destroyed by theta decay overtime and potentially expire worthless. If you have extra money made from SPXL, then consider buying leaps when the market conditions are favorable.
im over it. lost my ass one too many times, spending the last few weeks / month bouncing intraday on some bs. gonna just setup an autobuy for SPY and SPXL and touch grass
This dumb shit is so psychological its crazy. I'm leveraged, in TQQQ, SPXL, and call options. Somehow managed to match the indices today. Good day right? Didnt lose my ass on leverage? WRONG. Im fucking SALTY that I sold my 0dte put too early. Coulda made 5k on that nonsense. At this point im ready to setup an autobuy for 500$ per day into QQQ and never open my app again lol im so salty. Bong is calling my name.
Options overpriced. Bought dip on SPXL
Ive found that honestly, the only times my port was just straight green, is when I had auto buys set up on S/P or NASDAQ. Got a 41k port, thinking 500$ per day into SPXL until it runs out and repeat.
The main extra risk with SPXL is decay over time. Leveraged ETFs reset daily, so holding long-term can eat into returns, even if SPY moves the same way. Short-term swings are bigger too.
Indeed, the losses and gains are magnified by the multiple, but is $694 on 1 share of SPY less risky in terms of reward over risk than $292 on 1 share of SPXL? It's certainly more volatile, but what additional risks are there above and beyond those with SPY?
It works so long as the markets trend up on average. TQQQ for example has actually returned \~25,000% since 2010. SPXL (triple leveraged s&p 500) has returned 5,800% since 2008. The issue is that if you buy in and it starts dropping you can lose \~50-80% of your capital (on paper).
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! 💊