Is there a more aggressive trade than short-term calls on a 3x leveraged ETF?
At ~9:45AM this morning, a trader loaded up on OTM calls on $Direxion Semicon Bull 3X(SOXL.US), a 3x leveraged semiconductor ETF.They spent $187,000, with the contracts expiring in just over 2 weeks.Within 4 hours, they were down 50%. By the close they were back to where they started.Pure conviction or pure chaos?
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