SPXL

UrStockDaddy

Triple leverage spy (SPXL) and short usd 🚀

UrStockDaddy

Triple leverage spy (SPXL) and short usd 🚀🚀🚀🚀🚀🚀

brucebrowde

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?

Swaggwaggonn

Don’t forget SPXL🥳

m0nsieurp

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

chatrep

I do this a bit with QQQ and TQQQ. When do you exit SPXL?

JayRoo83

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

V1beRater

Hold gold, short SPXL on crash.

JayRoo83

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

tldamico

Or just buy some SPXL or TQQQ expiring Friday. That would give the rest of the week to live in theta hell since the market seems to want to make all the big moves outside of market hours.

d33p7r0ubl3

Praying I can get a good fill on SPXL during overnight trading

d33p7r0ubl3

Yeah I’m worried about that. Might have to buy SPXL in overnight trading

DesignerSea494

If SPXL hits $100 again from 🥭shenanigans, I’m going all-in.

Anxious_Comparison77

Volatility swing trading, it's different than options, if you are wrong you just hold. Because long term you are still tied to the market growth over-time, so today's $SOXL dip for example was 12% and $SPXL is 6%. It's a form of accumulation and distribution but with 3x the volatility than buying normal stocks so you get bigger swings. All math. You don't time the market, you buy and sell based on move counter-trending it, Today was a nice move which triggers the buy. If it tanks another 15% next week I buy again.

WanderWoman4

Oh I bought SPXL yesterday at the open. I’m drowning.

JayRoo83

Been sitting on the sidelines for a bit so tossed 95k into boring SPY/QQQ shares and a couple grand into EOY calls Will convert the SPY/QQQ shares to SPXL/TQQQ if we go further down but expecting a bounce to exit next week after 🥭 does his 🌮 thing

dragonvex_

By low risk do you mean SPXL lol. It’s pretty diverse but yes still high risk. I will buy 7k VT by end of year. I haven’t contributed 2025 yet

jnhgyu88

When I don't want to play I just through it all in shares of SPY or SPXL. If it goes down, fine, by the time it's green, which it will be before long, I'm usually ready to play again.

Neat_Barnacle2055

I am retired…. And have quite a bit in SPXL. - A triple that follows the S&P. I have been selling some of this and putting it in cash as the index has climbed. But still have plenty invested. If you have time on your side I would simply hold tight and ride the wave. Will there be a correction? Probably. But it will return to all time highs and surpass it at some point If you need some cash now then this would be a good time to sell a bit.

TrueCommunication440

The only cost associated with a leveraged ETF is the listed fee. Sure there can be volatility decay (or momentum upside) but that's different. Want to make your case that interest rates actually matter then it seems like you'd need a chart comparing fees (say for SSO, UPRO, SPXL, etc) and interest rates over a number of years.

TrueCommunication440

Do you have any resource that shows the management fee of UPRO / SSO / SPXL / etc over time - something that would show if interest rates actually make an impact?

Eztebez

I bought SPXL for 31$ during the covid dip, somewhere at the beggining of the recovery. Theres been the 2022 bear market and this year’s nasty drop. But yet spxl is trading 214 as of now, which is way more than i wouldve got holding SPY. Its been wild but regardless of dips and bear market along the way, seems like you always come up on top once the secular bull trends come back. If you look back historically too, since the market is engineered to melt up, it has outperformed wildly the regular indexes.

smilodon142

You’re missing my point. I wasn’t denying volatility decay, I was showing that in a long, trending market, its practical impact can be much smaller than extreme scenarios suggest. That’s why I used recent 3× funds as examples. The 1930–1950 SPXL vs SPY chart doesn’t refute this. That backtest is synthetic. Simple multipliers or monthly compounding over decades exaggerate decay and fees. If you want a meaningful comparison, you’d need a proper daily simulation using total-return data and realistic assumptions. Testfol.io isn't made for that level of complexity. So yes, volatility drag can be severe in volatile markets but that doesn’t contradict the real-world performance I was pointing out. Since your first comment, you’ve misunderstood what I’ve been trying to say and now dismissed my point by implying I was making “bad faith” arguments.

Not-The-Dark-Lord-7

Do you know the meaning of the word volatility? And can you begin to imagine how the market only going up for 15 years means it wasn’t particularly volatile? You’re picking a time frame with very little volatility and saying “look, volatility decay wasn’t that bad here”. So, let’s talk about volatility. Here’s SPXL vs SPY in 1930-1950. https://testfol.io/?s=aG9unnVbL00 What you’ll notice is that SPY went up 140%, while SPXL lost 85%. This is what things look like when the market is volatile. You are not engaging with this in good faith, so I think I’ll stop pursuing a meaningful conversation with you.

Not-The-Dark-Lord-7

You’re taking about 3x leverage, 16,000% returns, and only talking about a period of time that’s 15 years long and a historic bull market. I didn’t put any words in your mouth, your original comment was just terrible at being realistic about the kinds of performance you can realistically expect from leveraged ETFs. RYNVX is a 1.5x leveraged ETF, which is not a leverage you mentioned in your original comment. I responded to the comment you made, not the comment you were intending to make, or thought you made. In the comment you actually made, you poorly explained volatility decay, made a broad generalization about long term performance based on daily leverage, talked about how you think volatility decay isn’t that bad because TQQQ is up 16,000 percent, and talked about how SPXL is beating SPY in a bull market (which is obviously what would happen lol). It was a bad comment. I pointed out what was bad about it. Next time, don’t accuse me of putting words in your mouth, and learn to read. All the words are right there in the comment you wrote.

smilodon142

There's a lot of misunderstanding when it comes to leveraged ETF's decay. The long term impact of that decay is a decrease in leveraged performance in bull markets, and a increase in leveraged losses in bear markets. So look at the long term price history of a 3x index and it will have closer to 2.5 times performance long term. Even though the daily performance is pretty accurate. If the decay was as bad as people claim TQQQ would not be up over 16000 percent over its lifetime. Here's the fact of the matter. You buy and sell the ETF's at the market price, you can also see the price history for these ETF's. SPY in the past five years is up 100%, SPXL is up 300%. Lets go back ten years. SPY is up 230% SPXL 970%, (those are rough numbers) So even with all the fears of downturns, and decay it hasn't under performed.

JayRoo83

Realistically, if I go long here I'll only make 1-2% since I'd only want to risk buying like SPY/QQQ shares at ATH So what I'm gonna do is buy a single 670p for EOM and pray we get a pullback so I can go all in on SPXL/TQQQ before the government reopens and we shoot up 5%

Ok-Bend634

Nonstick with the game plan, if want to invest in Leveraging ETF, then go for SPXL and TQQQ of the world. Just my 2 pennies.

Bills333

ISO: People who have invested thru a bear market. I’ve been rolling and expiring cash secured puts on Direxion ETFs for about 4 months now. SPXL SOXL DPST- IV has been great for premiums. My strategy is to never assign, just collect prems on markets I evaluate in an up trend. Up $75k since starting (taxes stashed in HYSA). This has all been done on the heels of a tariff recovery market and rate reductions. I’ve never done this in a bear market. My question: people who CSP’d during major or minor bear markets, how did rolling down and out work as a strategy? Did you have to do year leaps or could you get away with monthly ATM? I don’t want to get caught in a year long waiting pattern, and I don’t want to get assigned and do CCs. Just thinking ahead. Thanks.

Bills333

ISO: People who have invested thru a bear market. I’ve been rolling and expiring cash secured puts on Direxion ETFs for about 4 months now. SPXL SOXL DPST- IV has been great for premiums. My strategy is to never assign, just collect prems on markets I evaluate in an up trend. Up $75k since starting (taxes stashed in HYSA). This has all been done on the heels of a tariff recovery market and rate reductions. I’ve never done this in a bear market. My question: people who CSP’d during major or minor bear markets, how did rolling down and out work as a strategy? Did you have to do year leaps or could you get away with monthly ATM? I don’t want to get caught in a year long waiting pattern, and I don’t want to get assigned and do CCs. Just thinking ahead. Thanks.

Intelligent_Film_97

SPXL…3x leveraged SPY 💪

ssmud1

Let's go!! Stock market drop so I can stock up on more SPXL

Fluffy-Structure-368

I personally would hold off for a 10% dip and put half in 3x levered index ETFs. SPXL, QLD, and UDOW and then i would invest the rest when the market moved 5% in either direction from there.

Mharciello

SPXL

tradetofi

Yeah I think you are a regard holding SPXL as a long time investment. Your greed is like... https://preview.redd.it/qb0y6idpq5pf1.jpeg?width=307&format=pjpg&auto=webp&s=6e37399c67ea01c3694b05510aba6011485bd17a You knew it was bad for you. So you put on that half assed hedge and came here for some kind of validation. You belong here.

Fhyzikz

New meta for my port: 25% of port in GDX, 40% in SGOV, 25% in TLT, and 10% cash to trade options. Sell weekly calls on TLT and GDX. Wait for large correction then go all in on SPXL/TQQQ

k7720

wtf did SPXL just do I should’ve sold for %20 gain

SinStockGuy

Calls on SPXL - got it

Apprehensive-Meat742

$80k in stock as of today. 142% return in the past year. 50% is SOFI, rest of the gains from TQQQ and SPXL.

Cactus1986

3X Leverage SP500 ($SPXL)

V1beRater

Welcome to America. The most braindead of us get super lucky and fall victim to the Dunning-Kreuger effect. Need I name a few famous rich dumbasses? Tell your boyfriend to take all of his profits and dip before they are gone. His chickens hatched, count em and take em. Also, studying trading is insane unless you are trying to be Warren Buffet 2.0. Nobody has figured out the market, other than ne'er do wellers. I just hold SPY during normal times, SPXL after there's a major downward fall to ride it back up. Been successful for me after years of trying to time the market in other ways.

StoicKerfuffle

What do you mean by "the math on leverage?" A call option on TQQQ is not going to behave like a 300x QQQ stock. It's going to follow delta/theta/vega/etc, albeit on a leveraged underlying, and the underlying itself is not going to follow 3x QQQ exactly beyond a single day. That said, if you think the market's going to moonshot, then, sure, yolo TQQQ calls, you'll be able to generate substantial leverage. Although honestly what I think you should do is take some time learning about the YieldBOOST ETFs. Don't blindly buy them. What I mean is, learn how they work, and watch how their performance relates to the underlying, because they're doing something in the realm of what you're thinking about: they sell put credit spreads on a leveraged ETF. For example, YSPY sells put credit spreads on SPXL which is a SPX 3x bull ETF.

tomcox10

It is not all volatility decay. It's the reality that if there is a 33% decline in SPX, then 3x leverage will have a 99% decline . But yes, you also get bad results vs an actual 3x leveraged position. Like this year for example...SPX up 10% where SPXL is only up about 14%

Temporary-Frosting62

Looks like the SPXL is crazy better than VOO in the last 5 years at least

XXXMrHOLLYWOOD

I mean you just use the 200 sma with an additional sell command if it goes 25% over the 200sma then you can literally hold it forever with no risk of it having a 50%+ drawdown That strategy with SPXL or TQQQ will absolutely obliterate any other un leveraged index over any long term time span in any trading environment

BlueberryBits

I bought SPXL at $19 5ish years ago and still have it. I don't plan on selling it. It's a wild ride but it prints.

snkscore

I didn’t do SPXL but I did do SSO (2x) for very long periods, like a decade. I think research shows that in most cases it outperformed SPY over long periods even though they say you’re not supposed to hold it for long. I also moved stuff into SSO after the COVID drop which worked well for a number of years.

FlyComfortable5489

Investing in leveraged ETFs like SPXL can be risky, especially for the long term. They are designed for short-term trading and can lead to significant losses during market downturns due to daily rebalancing. While the potential for high returns is appealing, the volatility and fees can eat into your profits over time. It's important to have a solid risk management strategy and consider diversifying your portfolio with more stable investments. Just my two cents!

roboboom

A little leverage for someone young is not a terrible idea. However, sitting in SPXL is a terrible idea. First, look up volatility decay. You get approximately 3x the DAILY return. This could be wildly different from the yearly. For example, in the last year the S&P is up 14% and SPXL is up 22%. You will get nothing like 40% appreciation. Even if the S&P returned 13% over the long term, which it has not historically and is incredibly unlikely to do in the future, you won’t get 40%. See above. Second, you are likely to get wiped out. If the market is down 30%, which it is periodically, you will be down 90% if not get totally wiped out. Third, most people simply can’t stomach volatility like that. So even if somehow everything worked beautifully, you, statistically speaking, are likely to panic when the inevitable 60% drop comes and sell out. All that said, if you just took out a margin loan for like 25-30% of your SPY position and used it to buy more SPY you probably would end up with a better result than buy and hold. But you have to have the right temperament.

MedicaidFraud

Vol decay, try QLD or SSO. Or a portfolio with SPXL/TQQQ with other uncorrelated funds rebalanced periodically. Check out r/LETFs

AKdemy

Based on your comments, I suspect you are referring to high premiums. In finance, when someone mentions “rates,” they are usually referring to interest rates. In the U.S., the SEC does not impose strict retail protections, and tolerates retail missteps because it's believed that the net effect is increased liquidity and more efficient markets overall. Therefore, options on leveraged ETFs (like TQQQ and SPXL) exist and trade actively. In Europe, retail protection is much stricter. MiFID II, combined with PRIIPs/KID rules, makes it very difficult to launch such products. Exchanges prioritize broad participation and market liquidity and generally avoid professional-only options markets on products that are primarily aimed at retail investors. As a result, European exchanges such as Eurex, Euronext, and LSE do not list options on leveraged ETFs or similar leveraged products. European regulators prioritize “protecting retail from themselves." I advise against trading options on leveraged ETFs, particularly if you are not yet fully familiar with the terminology and mechanics involved.

Nemarus_Investor

SPXS benefited from 2008 though. Nobody would be margin called at that time. Then it simply went down during the bull market, but everyone had margin to spare during the bull market. The issue I'm bringing up is different, a crash where excess capital isn't available and margin is being called. The opposite fund, SPXL, would have been a great example, had it started in 2006 or 2007, but that started after the crash had already done most of the damage. I believe SPXL wouldn't have survived the crash if inception was 2007.

jnas_19

I got the green goblin whispering in my ear "stocks on go up, go all in SPXL now"

M4K4T4K

Even SPXS and SPXL are underwhelming. 3x should usually be a stupid, fun, and somewhat irresponsible thrill.

Homelesscarnivalmeth

SPXL

Fhyzikz

Bought 100 shares of SPXL in case they wanna pump it to flat into close

FullSendBend

Do it. I f*cked the market by buying calls on $SPXL and $TQQQ. Expiring tomorrow though so look for a long position. Maybe if I go all in on $DJT, it’ll happen.

Squirr3I

Hopefully that was the intraday high and we close at breakeven added to $SPXL position.

Squirr3I

Can somebody pump the spy up I bought $SPXL

bm211201

TQQQ/SQQQ SPXL/SPXS UPRO/SPXU. Sometimes 2x leveraged individual stock ETFs

Maleficent-Pea-1457

100k SPXL 100k AWSHX 100k QQQ 100k WFIVX 100k QYLD or Yolo some Paramount Skydance Puts.

Popadosiyo

Not necessarily leverage, there is separate SPY leverage tickers similar to SPXL etc. But so for XSP 644 to then be ITM, 4$ up from where i bought in at, SPY would then need to be 642

Opposite_Engine_6776

I bet on a big green candle during power hour. Bought SPXL. So, it was me that ruined it. Sorry guys.

DiamondMan07

The new formula with the algo performance is 20% SPXL (3x SPY), 60% SPYI (covered call income), and 15% SPY long ITM calls and 5% SPY puts. Try that one out.

jjs376

I’ve had good results dollar cost averaging TQQQ, and to a lesser degree SPXL.

Inner-Assistant6376

Consider investing in an ETF that rewards a downturn in the equity market.. example SPXS | Direxion Daily S&P 500 Bear 3X Shares. This will hedge against a downturn. Works inversely to SPXL | Direxion Daily S&P 500 Bull 3X Shares which rewards a rising market..... not endorsing Direxion just an example.

jnhgyu88

If you buy SPXL at close, you can play these retarded AH pumps

thenewguyonreddit

Right when the market looks like absolute dogshit and everyone is miserable… buy SPXL calls

FamiliarPermission

Might as well buy Nvidia. it is very interesting how similar SPXL performed with Nvidia this year.

ftp67

Tf is SPXL those German noodles?

FunCommand6604

my SPXL covered call had gone deep in the money and made me sad but now it's out. Theta really is the easiest way to make money.

ruzZellcr0w

Simple answer - VT or VOO ticker symbols If you want a safe individual stock portfolio - you pick 10 companies and allocated them 10% each in your portfolio and rebalance back to 10% once a year If you’re a nut job you buy 1 single stock But you’re better off buying something likely TQQQ or TECL or SOXL or SPXL if you want a hyper aggressive play that plays and grows like and individual stock companies without all the risks of going bust like a single company has

brianz458

just buy SPY leaps and be up 40%, better than SPXL

CauliflowerBoth7358

SPXL way out of the money calls. If the rate cuts come and you are good or you’ll lose it all.

WesternReasonable167

… Should maybe look at what happened to the stock market during the .com bubble… 😬 when the AI bubble pops.. it’s going to lose ALOT more than 15-20%. My TQQQ and SPXL is going to be fucked.

DiamondMan07

60% SPYI - income 20% SPXL - upside exposure 10% TQQQ - upside exposure 5% SPY 90 days puts - downside exposure 5% scalping money - add 1-2% per year to my gains.

ntaylor360

Checkout SPXL instead - 3x leverage ETF for the S&P500. Use it for swings not for long term holds

Not-The-Dark-Lord-7

Lots of people will mention leverage decay, but consider that regular ETFs are also already leveraged, just at a leverage of 1. There’s no reason to assume that 1 is the optimal leverage for every index. Also fees are mostly a non-issue when compared to the far greater returns. If you choose an underlying index that’s relatively stable and not super volatile, like the S&P 500, leverages of 2 or even 3 can make sense. Check out tickers like SSO (2x) and SPXL (or UPRO) for 3x. Buying and holding leveraged ETFs is generally not advised (although, if you check out those tickers, you’d be up a lot more if you DCA in over the same period as with the underlying index). However, there are some legitimate investment strategies that involve using volatility indicators for the underlying index to know when to liquidate your position, to avoid getting caught in a massive crash (which would be amplified with the leverage). You can look up simple strategies like a 200 SMA strategy. I would say the S&P 500 is one of the only indexes stable enough to support a leverage level of 3, so going with a leverage level of 2 like in SSO is pretty safe for long term holding. As for how they work, most of the LETFs rebalance daily to achieve the desired leverage level. So, if the index moves up 2% in a day, the LETF aims to move up x\*2%, where x is the leverage of the LETF. The daily rebalancing is important to note, because large market moves are usually spread out across many days, so moving down 50% in 5 days won’t completely ruin a 2x LETF, because of the daily rebalancing. Doing so in 1 day would ruin the LETF, but with circuit breakers this is virtually impossible to happen. Hopefully this answers some of your questions, for more information you can check out r/LETFs . IMO the best way to use LETFs is long term holding or a 200 SMA strategy, I would not reccomend trading them.

Onamazonsince2004

Hello everybody, I have a question. I sold a put (SPXL Aug-01-2025 $170 PUT) to collect premium. Now, it indicates that I am winning $188 on the option. If I Buy to close, do I collect those $188? Thanks for any help!

Hot-Hurry3199

50M on SPXS to 500K on SPXL yesterday. SPXL may have been lower.

adminsarecommienazis

If you bought something like SPUU or SPXL/SOXL at the bottom? Yeah, sell that and rebalance to something like 1x leverage like VOO. If you're all VOO/VTI/VT? 22% cash is probably too much unless you're retired.

SureAce_

Depends how risky you want to go. Everybody has a strong stomach till problems start to arise. SSO, SPXL, TQQQ, leveraged ETFs. If your looking for just a growth fund then VUG. You could also look into leveraged stocks as well. Not familiar with those though.

Hot-Hurry3199

SPXL at low tonight.

Happy_Discussion_536

I prefer some SPXL and speculative stuff like BTC, RDDT.

WallStreetMarc

I researched on leverage ETF that beats its counterpart historically. TQQQ, TECL, UPRO and SPXL are the ones I trade. TQQQ is great to sell puts at different expiration and strike prices. I close out most of my trades when RSI is high. I also buy the shares and sell covered calls. With TQQQ I don’t have to worry about earnings or company’s event. Out of all the leverage ETFs, TQQQ is the most liquid.

sweetplantveal

You'd have $300k if you put it all in SPXL five years ago. And probably a lot less stress.

Electronic_Bet_8827

Good point! Intuitively, you would think that SPY itself would return much lower without any leverage. Theta is very low for LEAPS. Not negligible, but very low. I ran the simulation for SPY, SSO (2X leverage) and SPXL (3X leverage). Here are the charts: SPY: |Down-Day Interval|\# Purchases|Total Cost (USD)|Current Value (USD)|Profit (USD)|ROI (%)| |:-|:-|:-|:-|:-|:-| |**2nd down-day**|42|23,951.06|26,265.12|2,314.06|9.7%| |**3rd down-day**|28|15,930.94|17,510.08|1,579.14|**9.9%**| |**4th down-day**|21|11,990.15|13,132.56|1,142.41|9.5%| |**5th down-day**|17|9,679.10|10,631.12|952.02|9.8%|

Happy_Discussion_536

I get it. It's a casino. But you can at least try to sit at a table where you can play a lot longer like SPY leaps or SPXL rather than put it all on 0/00, get sent home immediately.

bornofsupernovae

I should have just bought SPXL

Gadshill

Ok, promise to tell me when you do want to buy. When you do, but a double or tripled leverage ETF like TQQQ, QLD, SPXL or SSO.

palesse7

SPXL puts

JayRoo83

SPXL/SPXS, TQQQ/SQQQ are my go tos

Fluffy-Structure-368

I like the levered ETFs UDOW, SPXL, and QLD.

mylarky

The real question that should be asked to all the people saying "the decay is going to kill you, don't do it!!!", is the following: If the decay is the reason you don't do the leverage 3x for TQQQ/SPXL, why would you not take advantage of that decay and play the 3x LETF inverted fund pf SQQQ? Easy money....but they still don't do it because..... decay! It's a buzzword. Leverage yourself properly, do some studies, and you'll find that 1x leverage can readily be outperformed on a YoY basis using an optimized (based on years of data and study) leverage factory of about 2.2. QLD

OhTimBot

because the volatility eats away at your position let's say $100 of SPY goes down 10% - $90, your 3x etf is now down 30% - $70 SPY goes up 11% and is back at $100, your 3x etf goes up 33% and is only $93. let's say this happens again: SPY down 10% -> $90, 3x etf down 30% -> $65.1. it goes back up and SPY is $100, 3x etf is now $86.8. one more down 10% up 11% on SPY like this and you're at $81. what is a flat year on SPY could mean you're down almost 20% it's somewhat unintuitive but the increased drawdown eats away at your position size and makes it harder to compound gains over time unless the market is strictly up. look at the price of SPXL and you'll see that in the 2021 highs, SPY was $475 -> 600 now, whereas SPXL was $143 then -> $160 now if there's one thing you can count on during the current US admin, it's volatility

richkong15

Should of place it in SOXL or just SPXL leaps and is a automatically win

PEPEdiedforyoursins

SPXL 152$ calls exp 6/27. Bears are gonna get wrecked. 

Hot-Hurry3199

How does SPXS work? /ES is going up and SPXS is going up. SPXS and SPXL is so manipulated.

Vast-Avocado-6321

SPXL

Happy_Discussion_536

Actually if you look at past several weeks I really don't post that much. I'm off today and market is closed. Also I do hold a small amount of SPXL though.