SPXS
Direxion Daily S&P 500® Bear 3X Shares
Mentions (24Hr)
200.00% Today
Reddit Posts
SPX / SPXS Madness | 48K Options Play | Expiring Next Week (Opened Today)
Am i stupid for dumping over $15k betting against the market?
You are really just gambling if you’re buying calls right now.
SPXS: Sold SPXL and bought SPXS at $13.45. Market Pullback next week?
Crayon Drawings for Impending Sell Off
I took a year off trading and decided to get in again and start small so I don’t blow my load all at once. All of this of this has been swing trading SPXS, SQQQ, TBT and UVXY. Now I’m long in LEAPs with my profits.
6 months Deep in my Short Position
SPXS vs SPY -- Which yields the larger return if your bearish thesis is correct?
Options on QQQ & SPY vs SQQQ & SPXS -- Which yields the larger return?
SPXS is up 6% since 6 days ago when I decided to short in response to the Fear and Greed Index hitting 63.
What to Buy If I'm Expecting a Crash?
All in on $SPXS. Santa is dead and we will retest 350 in the coming months.
Using 1 or 0dte Spy puts and calls around volatile events like FOMC and CPI data releases?
2022-11-29 Wrinkle-brain Plays (Mathematically derived options plays)
How screwed am I with my inverse leveraged ETFs?
How screwed am I with my inverse leveraged ETFs?
Market Crash and Food Crisis YOLO Update 10/24
I am Holding thru the night with SPXS puts almost to 1k%. First class Degen.
100-1k challenge done. second time in 2 weeks. All in one day off SPXS
$1000 order for SPXS before CPI report today 🚀
Anyone taking profits on shorts yet?
Market Crash and Food Crisis YOLO Update 9/23
Will A Market Crash in America Cause Other Countries To Collapse
ETF and Stock Recap for Wednesday 9/21/2022 capped by volatile last 2 hours before close - Some green for inverse ETFs (SPXS, SQQQ, SOXS, SPXU, SDOW, TZA). All red for stocks.
Market Crash and Food Crisis YOLO Update 9/16
Market Crash and Food Crisis YOLO Update 9/9
Market Crash and Food Crisis YOLO Update 9/9
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?
Biden needs to press his old man boner on Jpow’s transitory throat:
TA based trading can be simple if you bet right on bear vs. bull market
SPXS valuation based on impending crash of markets
Which is superior for a UK investor, VUAG or SPXS (Currency Hedging questions inside)
SPXS LEAP ATM Call - Can someone explain to me why this is a bad idea? Genius or retarded 🤔 trying to figure it out.
Can someone explain to me why this is a bad idea? 🤔 Genius or Retarded, trying to figure it out.
200SMA Crossover, Hold on to your butts!
SPXS, or any chance of a hedge at all at this point?
Help me understand this please, from one ape to another
Thoughts on Inverse SPX ETF's for the last quarter of 2021
I’ve been betting against the SP500 for over a year now. SPXS🚀
Things you can do to not get hosed if we have a market correction.
Does anyone have a game plan for the market crash?
Call Options on SPXS and SQQQ due to Jerome Powell’s August 27th Oration.
$ET, $SQQQ, $ZNGA: Weekly Straddle Edition
Long Time Lurker. First Time Caller. Seeking Advice On SPXS Options Play.
Am I making a dumb bet ? Please give my your opinion
Does anyone know of a Consumer Staple (XLP) ETF but 3x leveraged???
UPDATE on Market Crashing Soon Positions and an extra simple explanation for the Apes in the back
Housing a Big Bubbly Pile of Garbage that will soon be on Fire, a follow up to my Market Crash Post
A follow up to my market crash post specifically about what's wrong with the housing market
Deep ITM put with a delta around -0.8 on a bear ETF like $SPXS. 365+ days until expiration.
Mentions
This isn't wsb, I'm not all in on any position. I have a substantial hedge in SPXS that's about 10% of my stock portfolio. My largest assets held are GOOG and META though and I haven't sold any of those.
I'm up 7% ytd and still haven't sold my SPXS hedge. So no, not at all.
Anyone trade SPXL and SPXS calls? I picked up some SPXS 6c 5/16 for like 7 bucks Last Friday they were 35. I know it is 3x. The bid ask spreads don't seem that bad. The 5.5c has a 2 cent difference in bid/ask. Just seems like it a cheap way to get a taste of gambling.
SPXS for the rest of the day.
6/6 SPXS $5 puts are going for $1.00. I got two far before the price changed finally.
Who else bought SPXS puts before closing just incase this happened?
WILL THEY RUN THE SAMS FUCKING SCRIPT AGAIN TODAY? buying lots of SPXS just in case
huge issue w/ Robinhood: orders can only be placed to two decimal points. kind of shit matters when trading large volume eg cheap leveraged ETF like SPXS.
$380k into SPXS at 345 and out at 358 because the motherfuckers did the same thing last Thursday
$380k into SPXS at 345 and out at 358 because I fucking knew they would do that shit the motherfuckers
I had 25 contracts of SPXS puts so hopefully it keeps going up
SPXS spreads are fuckin wilding
SPXS has more volume than SPY. Over twice as much. Just remember that as puts are purchased and shorts are covered, SPY will more than likely surge higher today/tomorrow morning before falling. Time your entries and don't overstay your welcome this week.
Fuck it 6/2 SPXS and SQQQ calls. We all cooked.
Terrible week last week, retrying it again with SPXS calls
Bought SPXS on Friday. Ready for the ride down 😎
I'm holding a fat stack of SPXS with a 6.40 avg...will add next week in 5.90s if needed. Hoping the rally doesn't extend much further.🤞
Alright just got 1,100 shares of SPXS and set a MOC sell order for all of it, gonna go for a run, will check back at the close and let yall know how it went
Looking like a sour hour today, might yeet into some SPXS on margin for an hour or so
I'm pretty proud of myself honestly. I panic bought a small position in SPXS but other than that I was pretty level headed and it's worked out pretty decent thus far.
Loading up on SPXS here. No way this bull run keeps up, right? WHERE ARE THE RED CRAYONS???
You can calculate the exact amount of options you need - Calculate option Lambda, Underlying price ÷ option price x .Delta (with decimal pt) gives you the option's multiplier, then multiply that by the value of the contract (100 x option price) for it's notional value. If you buy an option on a leveraged ETF, then multiply that by it's leverage... a TZA CALL with a Lambda of $400 is equal too $1200 RUT or IWM, a SPXS CALL worth $1200 is equal to $3600 of SPY or SPX. I prefer calls on BEAR ETF's instead of PUT's on bullish stocks/ETF's, for the fact that the underlying stock increases in value, in turn increasing Lambda.
I'm thinking June is going to be rough too. Already have some SPXS calls for June
By definition "hedge" means your protecting a counter-position, I have calls on SPXS that have lost 80%, but as the market nosedived the past month I was buying the Lambda equivalence in shares in a leveraged bull ETF, I've made well beyond the original premium of those calls, just sold another portion of the bull shares minutes ago.
I had NVDA 5/23 105 puts and didn’t sell them at open this morning and loaded up on SPXS 5/2 calls instead. I deserve nothing but pain
SPXS calls and SOXL puts paid out this morning. Switched to SPXS put and RIVN calls that also sold for profit. Good day boys.
Finally the market is waking up. I'll sell my SPXS when it's over $10.
Are my 5/2 SPXS calls saved? Maybe. Will I somehow fuck it up? Absolutely
I have nothing but shares of SPXS and AMC in my 401k
Alright bought my SPXS calls for June. Y'all can be happy I've singlehandedly stopped the economy from crashing until July. Plan accordingly
Yoloed 5 grand on $7 SPXS calls for Friday, fuck it we ball
I don't dare to buy puts atm, so I buy SQQQ shares and SPXS call instead, call me genius. I have to admit that the market is beyond my understanding recently.
I prefer CALLs on bearish ETF's over PUT's on bullish equities for the fact that the underlying price diminishes the Lambda on PUT's relative the the increasing value of a bear ETF. That said, UVXY calls will be spastic and you'll have to scrutinize open interest for a liquid strike/date... if you're hedging SPX, you might check out SPXS or SPXU CALLs as a 3rd option, be sure to calculate Lambda and factor the 3x underlying leverage.
3 ETF I am buying with all of my profits SPXS SQQ TSLZ
Alright, I need opinions from bears here. I'm tired of watching the market all day to try and time my puts. I believe that we will see new lows come June. So I'm thinking of just buying an inverse etf and chilling. What are people thinking? SPXS? SQQQ? Or is the whole idea dumb?
My SPXS shares are underwater, but I'll be green by fall, right?... right?... 
I bought SPXS last Thursday and I'm already regretting. The market is insane, I don't understand it rn.
Sure. SPXL and SPXS are both financially engineered. They attempt to replicate the performance of the 3x S&P. SPXL is the bull positions, SPXS is the best position. So if the S&P goes up by 1%, then SPXL increases by 3% and SPXS drops by 3%. They are designed as leveraged funds for more active trading, aka to capture price movements.
SPXL or SPXS were invented for this reason
Why are you focusing just on tech? Go long on the whole S&P with SPXS or SPXU
Doubled down on my SPXS puts
anyone else load up on SPXS today
My calls on SPXS love this. Thank you for confirmation
SPXS calls for oct atm looking really juicy
Yeah I sold puts on SPXS at the high. Got fucked this week
Have you considered fixing the feeling of hopelessness, by actively managing it? Or at least a partitioned portion of it? At least that way, the "constant checking" could turn into "constant doing something about it". E.g., swing trading. Even if a small % of it. Maybe some % that, if you hypothetically lost of of it, would be worth it for your mental health to feel control over the situation. And who knows, you might start learning some things about trading, get decent at it, and be able to more actively manage your entire portfolio. (I wouldn't swing-trade your whole portfolio. But at least learn when "it's about time" approximately to just exit the market altogether like a Warren Buffet boss [you could always just copy his moves], and/or or ease into SGOL, and/or dabble with SPXS for fun on bad days.)
I'm not sure the answers are adressing what you're asking. Or maybe they are and this answer isn't (so I'll answer both): Many tracking funds/ETFs will split to stay affordable if/when necessary. Total value held is the same, per-share price better. Other tracking ETFs only have a "daily" target goal. Especially double/triple and inverse tracking funds e.g. SPXL, SPXS. And while they may faithfully track an index for weeks, months, even a couple of years - after a while they tend to drift hugely and flatten out. But if you're asking about the S&P500 rising exponentially forever: # Welcome to the problem of infinite exponential growth in a finite system. I've recently researched and written at length about this before in a very different context, so this isn't idle speculation: The TLDR is that natural growth (eg population grown) tends to be more or less logarithmic - or at most, exponential early on with an evolutionarily programmed cap (e.g. embryonic cell division). Exponential growth is generally associated with trouble or imbalance in Earth's natural systems: e.g. cancer cells, the spread of bacterial/viral infections to hosts, runaway nuclear fission, zombies, etc. US economic growth depends on about a 3% per year GDP growth rate. That's exponential. **At 3% average annual growth, every 23 years the economy produces more than all of American history prior to that period.** Public companies as well must grow quarter over quarter for their shareholders. **Every ten years, the world consumes more oil than all of human history before.** and **If we keep this rate up, then in ~375 years the entire planet would need to be made of oil.** (But of course according to certain people in power, man in sky just continuously replaces the oil so we never run out. But the old burned oil presumably doesn't go anywhere, in the form of gas and heat. So in their canon, in ~583 years the Earth will gain enough additional mass to collapse into a black hole.) Massive increases in productivity have largely driven these increases in corporate productivity and GDP output, without equal increases in waste and natural resource extraction. Primarily through machine automation, efficiencies of scale, computer automation, and the internet. And the massive improvements within those technologies. Huge advances in AI and robotics will no doubt keep the trend going, but not indefinitely. "Green energy" helps ameleorate the problem too, but doesn't solve it. The global population is also slowing and is predicted to stop growing by about 2050. But that doesn't mean economic output will correspondingly slow and stop. Our entire civilization depends on perpetualy exponential economic growth at pretty much any cost, even if no one "needs" the output. And it has always managed to find a way to mostly keep doing so. The basic problem is, improvements in technology and productivity don't *decouple* waste and natural resource extraction - much of which is permanent in spite of improving recycling technology. Those improvements merely flattened that exponential function some - but the function is *still exponential*. And will continue to be. It's still an exponential curve in a finite system. Various experts have been predicting the end of such possible growth for decades. Yet it continues seemingly unabated. But what's really happening, is that companies and governments are just getting better at externalizing costs, and hiding those externalities. Not through any coordinated plan, just decentralized capitalism in action - people going to work, making decisions, trying to close that next deal. Waste gets illegally (or legally) dumped near poor neighborhoods and countries who can't fight back, or even packed up and *sold* to them. Ruinous extractive mining is only done in countries with weaker environmental protections and/or higher corruption. Etc. But the resources *are* getting ever-harder to find, and the waste *is* getting ever-harder to hide. The bills will come due eventually - that's just a fact. Whether in my or my kids' lifetimes, or their kids - who knows. No one really disputes this eventual inevitability, only "when". (Except for some, e.g. people in office who believe humans coexisted with dinosaurs.) Eventually, humanity as a whole will necessarily shift to a fundamentally different global economic model that doesn't rely on exponential growth. Either by careful proactive design, or as a wheezing reaction to scarcity - the latter which seems like would inevitably be chaotic, violent, prolonged, and messy...and likely. Maybe by then, the robot/AI apocalypse will be upon us too. That might actually work out well. Maybe they could just take over and fix all our problems that we seem incapable of. The deus ex machina we've been just assuming will come to figure it all out for us, that didn't turn out to be Jebus 2.0. But for your time horizon OP, there's a pretty good chance that the S&P 500 will continue to rise exponentially, largely unabated. (Except for the next awful thing we may about to be plunged into against our will.)
I see those Hail Mary calls SPXS! 🤣🤣 [I did the same thing too]
I'm not sure the answers are dressing what you're asking. Or maybe they are and this answer isn't: Many tracking funds/ETFs will split to stay affordable if/when necessary. Total value held is the same, per-share price better. Other tracking ETFs only have a "daily" target goal. Especially double/triple and inverse tracking funds e.g. SPXL, SPXS. And while they may faithfully track an index for weeks, months, even a couple of years - after a while they tend to drift hugely and flatten out. But if you're asking about the S&P500 rising exponentially forever: well my friend welcome to the problem of infinite exponential grown in a finite system. I've researched and written at length about this before in other contexts, so I'm not just speculating. The TLDR is that natural growth (eg population grown) tends to be more or less logarithmic - or at most, exponential early on with an evolutionarily programmed cap (e.g. embryonic cell division). Exponential growth is generally associated with trouble or imbalance: e.g. cancer cells, the spread of bacterial/viral infections to hosts, runaway nuclear fission, zombies bites, etc. US economic growth depends on about a 3% per year GDP growth rate. That's exponential. At 3% average annual growth, every 23 years the economy produces more than all of American history prior to that period. Public companies as well must grow quarter over quarter. And every ten years, the world consumes more oil than all of human history before. If we kept this rate up, then in ~375 years the entire planet would need to be made of oil. (But of course according to Christians, God just replaces the oil. But the old oil doesn't go anywhere, in the form of gas and energy. So in their canon, in ~583 years the Earth would have enough mass to collapse into a black hole.) Massive increases in productivity have largely driven these increases in productivity, without exactly equal increases in waste and natural resource extraction. Primarily through machine automation, efficiencies of scale, computers automation, and the internet. And the massive improvements that within those technologies. AI will probably help too. But improvements in efficiency didn't *decouple* waste and natural resource extraction - much of which is permanent in spite of improving recycling technology. The improvements merely flattened that exponential scale some - but the scale is *still exponential*. And will continue to be. Various scientists have been predicting the end of possible growth for decades. Yet it continues seemingly unabated. But what's really happening, is that companies and governments are just getting better at externalizing cost, and hiding those externalities. Waste is only illegally (or legally) dumped near poor neighborhoods or countries who can't fight back. Strip mining is only done in countries with no environmental protections. Etc. But the resources are getting ever-harder to find, and the waste is getting ever-harder to hide. The bills *will* come due eventually - that's just a fact. Whether in my or my kids' lifetimes, or their kids - who knows. Eventually, humanity as a whole will shift to a different global economic model. Either by proactive choice, or as a reaction - which would probably be chaotic, violent, prolonged, and messy. Maybe by then to robot/AI apocalypse will be upon us too. That might work out well. Maybe they could fix all our shit. But for your time horizon, there's a pretty "good" chance that the S&P 500 will continue to rise exponentially, unabated. (Except for the next great depression, world war, or who knows whatever Trump is about to plunge us into.)
I am starting to get nervous but this week I have been selling stuff off. Going cash and SPXS so I can buy back the next dip. I don't buy the end of the world stuff some of the very loud bears are on but my gut tells me there is more pain on the horizon.
Keep spy puts it’ll eventually go down after this week. Its earnings week so its green despite tariffs news, everyone wants in before the reveals. Right now i have 158 $10 calls in SPXS, expiring May 2. I’m expecting a slight withdrawal from all this hype.
Got 800 SPXS today. Selling stuff on the way up. Still holding GOOG for earnings. I feel like I'm in danger.
I’m going the opposite route and pumped the SPXS…lol.
Yeah I have calls… SPXS calls 
poor so I buy SPXS 
SPXS to $9 by tomorrow thx
If you thrill seekers want to take on some leverage you can try SPXS or SPXL after hours since you can't trade options.
Didn’t think we’d get any real big surprises last night so I carried some SPXS/SQQQ into close and got rugged 2k this morning but now only down $500 so its basically a win right?
Why risk options getting cucked when you could buy SQQQ/SPXS/etc? Probability is higher that you won't go to 0 holding those.
Just bought some SPXS calls. Your move 🥭 
Bro i totally feel your pain, and administrations really do These next 4 years are probably your best time for decades to come to look for long term investments, as well as potentially looking into buying a house or a good place to rent as the markets drop My wife is about to finish school herself, and I'm looking at Union/maintenence technician jobs within Philadelphia I do wish I had the capital to trade the volatility since the new administration has been in My tip i give you, if you already know how to trade the markets, make sure you have the VIX at the top of your watchlist w SPY, QQQ, and the bear etfs SQQQ and SPXS The vix will essentially signal market reversals 100% of the time, You basically nail reversals, or use it to confirm trends, The vix always moves opposite of the market, And if the markets are chopping and consolidated, The vix will often be coiling in a bear flag or bull flag
I invest long term but how I’ve been playing it and hedging it is buying buying cheap SPXS calls/ puts whichever direction I believe it’s gonna move with how the news look I spend max 50 dollars on it because SPXS contracts are cheap they are the inversed bear 3X for spy. Been working out well so far to make sure I stay afloat and aren’t losing as much as I would. Like for instance if the market is ripping down I would have like 10 contracts of SPXS calls. My investments lose but my calls hit so I basically made back my losses and usually more
I've been swing trading SPXL/SPXS and TQQQ/SQQQ during this madness but usually with tight stops I made the mistake of carrying a bit of SPXS/SQQQ into close yesterday and headlines got me for a few grand lol
I sold SPXS puts at the high. now i'm getting fucked. should i just sell TSLQ puts? Target 1 stock instead of the macro?
It's taking all my self control to not full port into SPXS/SQQQ in AH
my Friday expiring SPXS calls are praying, too.
SPXS long... the steam has to get blown off regardless (pun intended).
I would like more dumpage please. These SOXL puts and SPXS calls are gonna ITM themselves, Mr President
Of course I all in on SPXS and SQQQ right before that dumbass comment by Bessent
Perfect time to full port SPXS, see yall tomorrow 
It's 3x inverse leverage time, boys. All in on SPXS
There's no reason to be up today. Going all in on SPXS now.
Short on spy via SPXS calls and short on semis via SOXL puts. Dated for Friday. Let’s get wil
Short on soy via SPXS calls and short on semis via SOXL puts. Dated for Friday. Let’s get wild
Bought some SPXS puts at close just based on that slight recovery with volume….don’t expect it to clear 521 tomorrow so I’ll probably sell at open
I'm going SPXS and SOXS . market will eventually crash , tomorrow or later
Loading SPXS calls...SPY will get wrecked hard this week
Left my Roth IRA entirely in NVD, SQQQ, and SPXS Keep throwing gas on the orange man, I'm speed running retirement!
Disagree on short comment. SDOW, SPXS, SQQQ, FNGD, PLTD,TZA, TSLQ,SRTY..
I'm feeling good about my SPXS right now.
Ah shit. Welp good thing I didnt sell my SPXS calls or shares 
my plays for this week: NVDL PUTS, SOXS PUTS, SPXS  IAU, GLD CALLS  UVWY Vix play? 
Interesting chart. Tremendous opportunities upcoming. SQQQ SOXS TZA TSLQ SPXS....Let the good times roll.
0dte options are gambling, full stop, especially now with the current admin. I suggest trying trading shares of leveraged ETFs for short term swings, like SPXS and SPXL or TQQQ and SQQQ. There are some others as well, but those are the ones I’ve traded recently. I never had any luck with 0dte options…never seemed to be lucky enough to buy them on days with big moves in my favor. A lot of times I would make some decent profit but I would get greedy and not want to close and waste a day trade…then I’d have them expire worthless. 0dte options should really only be for scalping, quick in and out, and not holding for too long into the day because they can die so easily if things stall or move against you, and as it gets later into the session. I have gotten quite a few profitable trades recently with the leveraged ETFs though. The bonus here, besides not having the crazy decay 0dte does if it’s not moving in your direction, is you can enter and exit during extended hours, and overnight, if your broker offers that….or just hold beyond that day if you think your trade thesis is still valid and needs more time to play out
am I gonna hold a single apr 25 call on SPXS over the weekend. I might I might.
>You're missing options are mostly priced for perfection when it comes to expected move. Unless you have an edge wall street doesn't over time you'll be holding more bags than you're filling. With deep ITM options, the expected move is not a factor. You could argue that the underlying is priced efficiently, but there are still cases where deep ITM puts can be profitable (UVXY, VIX, SPXS, etc).
Shifting to SPXS shares instead of puts so I dont get thetafucked to hell
It's about to be all SPXS calls credit spreads