Anyone use SPXS for downside protection?
http://www.direxioninvestments.com/...nlaIqLv_PnbYFG_TiUioDYitsHNMbQNRoCKk0QAvD_BwE
http://www.direxioninvestments.com/...nlaIqLv_PnbYFG_TiUioDYitsHNMbQNRoCKk0QAvD_BwE
Anyone trade SPXS or SPXL
- Thread starter viruscore1
- Start date
SPXS up 3.63% today. S&P 500 down 32.8 or 1.09% today. DJIA down 360 or 1.23%
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These things are gold mines, but not for protection. Just stick with the downside, but only use options (not naked!). Here is a 10 year run of third Friday to third Friday monthly closes. No comment on how to take advantage. I'll leave that up to you. 
TOTAL MONTHS = 118
DOWN MONTHS = 87
UP MONTHS = 31
%UP MONTHS = 26.27%
AVG PCT UP = 11.34
%DOWN MONTHS = 73.73%
AVG PCT DN = -8.79
AVG MONTHLY RETURN = -3.50
DROPS >= -8% = 46
MONTHS UP IN A ROW
ONE IRUP = 22
TWO IRUP = 3
THREE IRUP = 1
FOUR IRUP = 0
FIVE IRUP = 0
SIX IRUP = 0
SEVEN IRUP = 0
MONTHS DOWN IN A ROW
ONE IRDWN = 7
TWO IRDWN = 5
THREE IRDWN = 4
FOUR IRDWN = 3
FIVE IRDWN = 3
SIX IRDWN = 2
SEVEN IRDWN = 1
TOTAL MONTHS = 118
DOWN MONTHS = 87
UP MONTHS = 31
%UP MONTHS = 26.27%
AVG PCT UP = 11.34
%DOWN MONTHS = 73.73%
AVG PCT DN = -8.79
AVG MONTHLY RETURN = -3.50
DROPS >= -8% = 46
MONTHS UP IN A ROW
ONE IRUP = 22
TWO IRUP = 3
THREE IRUP = 1
FOUR IRUP = 0
FIVE IRUP = 0
SIX IRUP = 0
SEVEN IRUP = 0
MONTHS DOWN IN A ROW
ONE IRDWN = 7
TWO IRDWN = 5
THREE IRDWN = 4
FOUR IRDWN = 3
FIVE IRDWN = 3
SIX IRDWN = 2
SEVEN IRDWN = 1
%%
I have traded some of them before;
plenty liquid.NICE CHARTS over many years...………………………………………………………………...