Any George Noble NOPE fans?

G

GlobalMacro90

This ETF is pretty wild. 250% notional exposure, -75%(!) short Tesla, short bitcoin, short treasuries, short a bunch of other individual stocks, long USD.

This thing has only been trading for a month and is already down -16%. I think this thing crashes and burns but would love to hear other options. Im not saying that the above trends cant extend, but certainly, A LOT of the moves have already happened right?

Also, WTF is with the risk management on this thing? If you look at the positions, its kinda all the same (or at least similar) trades, again with 250% notional exposure. Is this ETF saying "NOPE" to risk management?

Would love to hear some other/opposing thoughts. Maybe this ETF deserves a small allocation as a tail risk type strategy, I dunno.
 
It trades more than it's net assets every day, so it seems risky.
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GlobalMacro90 said:
This ETF is pretty wild. 250% notional exposure, -75%(!) short Tesla, short bitcoin, short treasuries, short a bunch of other individual stocks, long USD.

This thing has only been trading for a month and is already down -16%. I think this thing crashes and burns but would love to hear other options. Im not saying that the above trends cant extend, but certainly, A LOT of the moves have already happened right?

Also, WTF is with the risk management on this thing? If you look at the positions, its kinda all the same (or at least similar) trades, again with 250% notional exposure. Is this ETF saying "NOPE" to risk management?

Would love to hear some other/opposing thoughts. Maybe this ETF deserves a small allocation as a tail risk type strategy, I dunno.
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Haven't look at it but sounds about right and if we know, the big boys know and prolly smell blood.
 
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