Pros and cons to anything I guess. You'd have similar long term costs rolling futures or options too.
So here's a question. I'm long EUO from around $16.75. What happens if the EZ breaks up (hypothetical, of course) and the Euro ceases to be a currency? What happens to EUO?
have a party b/c you'll make a fortune. i strongly suggest NOT holding leveraged etf's for more than 1 day due to the math involved (it has been covered a million times elsewhere). just buy fxe puts.
Nobody knows and anything is possible. Will depend on what exactly happens. Maybe the ETF prospectus covers that eventuality, but suppose the new Euro is the old Euro - the PIIGS?