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r/letfs
Only 18% drop in SOXX will bring SOXL back to $100
Investor summaryBearish
The author hesitates to sell puts on SOXL due to its extreme volatility and historical drawdowns, questioning how others tolerate such risk.
Bear points
- SOXL carries extreme downside risk and volatility, making options strategies like selling puts highly dangerous.
- The ETF has experienced severe historical drawdowns, trading below $50 recently.
Post body
I was going to sell a put on SOXL and then I realized if SOXX drops 18%...it will bring SOXL back to $100... How do you guys swallow the risk of this etf considering it is less than$50 before April?
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