fuzzballl 10:37 am on Wednesday, May 3, 2017

UP and DOWN x4

Crazy…

http://www.zerohedge.com/news/2017-05-03/there-now-quadruple-leveraged-sp-500-etf

hcgdavis 10:42 am on Wednesday, May 3, 2017

rocket fuel for transferring wealth! If and when there are options on it may have good premiums.
- fuzzballl 10:43 am on Wednesday, May 3, 2017
  
  LMAO!
  
  “Just like the infamous 7 Minute Abs scene from Something about Mary, many had wondered for years why there is no ETF that allows retail investors to lose money even faster than with the existing inventory of various triple-leveraged passive investing offering.
  
  Well, as of last night there is.
  
  On Tuesday, the SEC ignored numerous complaints, and approved a request to trade quadruple-leveraged exchange-traded funds, the first product of its kind, and one which will spawn hundreds of copycat imitators promising even greater possible returns and instead delivering theta that is guaranteed to wipe out virtually anyone who allocates capital to the product.”
  - Jeff 10:46 am on Wednesday, May 3, 2017
    
    Sounds like a great product to short. Compounding will make these things plummet to earth faster than a failed North Korean missile.
    - Ramie 11:03 am on Wednesday, May 3, 2017
      
      Just what I was thinking. Can’t wait for the chance to sell calls on this.

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