Shorting SPX using SPXU

No need to drag your wife into this and insult her in a public forum.

 

Again, not looking for any help. This was meant to be an intellectual discussion on how SPXU works.

 

It's always the smiling, seemingly normal-looking, one's who turn out to be psychos.
Talk about not judging a book by its cover.

 

Read the prospectus very carefully. Think about it. Then sit down and actually model different scenarios for yourself. I expect you may find this helpful. Be sure to include a variety of scenarios (including CHOPPY moves up or down).

 

Take a look at this article. Based on the article, Leverage ETF return can be estimated based on expected mean and variance.
http://www.aaii.com/journal/article/leveraged-etfs-multiplying-by-the-unknown#box

 

I am thinking that 1x inverse etf like ticker "SH" is better than more leveraged, for whatever reason.

 

Kind of defines long-term trade.