SPXL Theta Trade

2019年8月28日

So we get the decay & a multiplying effect on returns of the underlying index of the leveraged ETFs, as they use option products to create the 3X leverage in these funds. Essentially decay on decay.

2019年8月31日

註釋

For some reason I thought I rolled the 39/40 P side closer to strike - but I actually did not. Trade is currently basically sideways with an $8 loss.