/biz/ - Business & Finance

>>20323443
>3x leveraged in that sector means it collapses with a 33% daily move. We have brushed that a few times since the beta of chippers is so damn high. That's why I'm looking at a 2x for buy and hold.
The underlying index SOX would have to actually drop >33.3% in a day for that to happen and it hasn't come anywhere close to that ever since it became a thing in the mid nineties. SOXL going down 33% in a day means nothing and would not be a termination event