Feed ExplorerThe option price for this thing is so expensive, you can be the seller of the option.
$Tradr 2X Long Sndk Daily ETF(SNXX.US)A friendly reminder for friends planning to hold this ETF for the long term. This is a daily leveraged product with daily price resets. Given SanDisk's high volatility, this creates a disastrous level of volatility decay for this ETF. You can see that when SanDisk first hit 725, it was at 56. Later, when SanDisk surged to 787, it was only at 57. The missing gains represent the volatility decay. If you want to hold long-term, just stick to the underlying stock. Don't mess with this.
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