TVIX Finally Getting Due as Day Trading Rocket Fuel
Launched at the end of November 2010, I am surprised it has taken so long for TVIX to become a popular short-term trading vehicle. I predicted in the middle of December that TVIX “will hit a tipping point and become the darling of day traders,” but...
XXV Has Arrived!
For day traders, the launch of triple ETFs ushered in a new era of highly liquid trading vehicles with narrow bid-ask spreads and exceptionally high intraday volatility. When FINRA (Financial Industry Regulatory Authority) implemented more stringent ma...
Leveraged ETFs, Volatility and Range-Bound Markets
I noticed that Direxion, the dean of triple ETFs, has added a handful of tools to their web site recently. These include: Daily/Cumulative Performance Illustrator Tracking Center Recent Volume Tool Volatility Tool Premium/Discount Tool ...
ProShares Adds Four New Triple ETF Pairs
When Direxion launched the first batch of triple ETFs back in November 2008, I may have been the first person to openly champion them, even going way out on a limb with Prediction: Direxion Triple ETFs Will Revolutionize Day Trading. Fifteen months la...
Call Volume Spikes in SPXU
Since my discussion of SPXU of seems to have generated considerable interest in the SPX pair of triple ETFs (SPXU is the -3x ETF and UPRO is the +3x ETF), I thought this morning’s surge in call activity in SPXU should be noted. As the chart below fr...
How are SPXU and UPRO Being Traded?
Yesterday, I did my best to be provocative in Is the VIX Being Artificially Depressed by Increased Use of SPXU? One of the points I made is that SPXU could be a substitute for SPX puts (and perhaps artificially depress the VIX as a result) for those wh...
Triple ETF Options Landscape
Since I find myself increasingly active in trading options in triple ETFs, I thought readers might find it interesting to see a graphic of some important options data on the triple ETFs currently in the market. Utilizing data from iVolatility.com, the...
Options Available for New S&P 500 Triple ETFs
Though they are less than two weeks old, the two new triple ETFs based on the S&P 500 index already have options available to trade. The bullish 3x ETF, Ultra ProShares (UPRO) has July options that expire one week from Friday with strikes from 60 t...
Direxion Announces Reverse Splits for FAS and FAZ
Direxion formally announced today what has been rumored for awhile now, that its two most popular triple ETFs, FAS and FAZ, will undergo reverse splits after the close of trading on Wednesday, July 8th. FAS (financial 3x ETF), which closed Friday at 8...
FAS Is Now XLF
For someone who gets a kick out of volatility, the arrival of triple ETFs has been a little bit like manna from heaven. Of course the launch of the Direxion triple ETFs back in early November just happened to coincide with the highest VIX readings in h...
The Next Big Thing?
This morning ProShares launched two new triple ETFs. Now before you exclaim, “Enough already!” consider that the new ETFs are designed to track the daily moves of the S&P 500 index. As such, these are the first 3x and -3x ETFs that track the SP...
