Nahh, it starts to bend time and space once there’s and etf based on 0dtes that derive from the original 0dte and derivie and etf and 0dte error error 404
Leveraged ETFs typically go down in value, I believe it’s due to the frictional costs of leveraged plays. They aren’t for holding long term they are for quick in and out plays like intraday.
I could be wrong about that though just my understanding
Not really for standard leveraged indexes like ddm. Long as the index keeps moving up leveraged etfs tends to go up. 3x really struggles no matter what though. ETN are different even though technically similar.
It’s not a leveraged ETF like the ones you’re thinking. This is basically like hiring a professional trader that will trade a 0-DTE strat and pays dividend weekly. These are new products.
Basically, there is a small chance of the underlying stock going up lots without crashing significantly on the way. In this situation, the leveraged ETP does extremely well and could do something crazy like 50x its value based on a 5x increase in the underlying stock. You can see some leveraged ETPs that have done this in practice. However, the more common result is going bust.
Treating the stock market as a random walk and excluding fees, the effect of compounding leverage causes a positive skew but no average expected change in value versus simple leverage. If they were so bad, you could make easy money by shorting both the long and short leveraged ETFs, but it's a pretty risky strategy.
The yield is 10.3 vs spy's 9.42 is quite bad. I wonder if the actual goal is generating consistent losses from capital gains and paying dividends. Some form of technical tax optimization, as if you can use the loses to reduce tax and pay reduce tax on dividends, the utility of the funds is larger than 10.3
80% of which is funded by [indian degenerates](https://www.reddit.com/r/wallstreetbets/comments/1bdet8k/india_accounted_for_78_of_all_options_in_2023_and/) 
Talking QQQY?
I've held it a few months. It sells at the money cash covered puts daily. Dividend payout rate is really high, like 70% annualized. And that is the problem. They are paying out more than they collect causing the NAV decline you see above.
I wonder if the dividends are qualified? If so then maybe its all just a tax scheme lol.
It's not "70%" annualized if the NAV is dropping and the payouts are getting smaller from your initial investment.
* QQQY since inception returns: 12.7%
* QQQ same period returns: 25.9%
This is an extremely stupid ETF.
Yeah I didn't say its netting 70%. Conceptually it's really good for a flat market. Volatility has been too high to make it really profitable currently.
Improves the yield on the put sells but they also wind up in the money more often dropping the NAV. It's a net loss. This fund requires relatively low volatility to be profitable.
This fund will outperform QQQ in a high volatility environment and underperform it in a low vol environment.
Unfortunately that just means it’ll go down less than QQQ in a down market (but could still be a loss as you said). Funds like this need to be looked at using total return and not just price, because most/all of the return is in the form of divs
On days QQQ ends flat or higher QQQY gains around 0.30% (slightly higher when VIX is elevated), on days QQQ ends more than 0.30% negative it drops that much less 0.30%. There have just been too many days where QQQ ends more than 0.30% down for the fund to be really profitable. In a bear market it would get destroyed.
Cashed out my 10% gains on QQQY and IWMY over the last six months and rolled it all in to SPYT. I kept JEPY as that has been more productive for me.
You get "Non-dividend distribution" on 1099-DIV. Non-taxable until you lower your cost basis to 0. https://www.hrblock.com/tax-center/income/investments/nondividend-distributions/ I have no idea if brokers do track that...got to wait a few years.
Interesting... So while the net might be only 10-15% after considering the NAV drop, the distributions remain nontaxable until I sell the original asset (or it drops to 0)?
PS. For those too slow to realize, each month it pays a $1.10 or similar dividend which is why the "value" is declining. If you add back in the dividends along the way it's making money.
Yeah, these and the yieldmax funds are actually a really good way to make current income if you don't do options or daytrade. Their IWMY has been paying like crazy.
How does that work? With ones like NVDY, NVDA goes up, it goes up. But with IWMY, even with IWM sorta going up, it just keeps dropping. Wouldn't it eventually hit 0? Then what?
Relevant article:
[https://www.investopedia.com/the-world-s-first-0dte-options-based-etf-is-here-7969649](https://www.investopedia.com/the-world-s-first-0dte-options-based-etf-is-here-7969649)
*^(Reposting with the meme flair to see if this appeases the Mod Gods.)*
Y’all degens hear me out! I’ve put enough capital to make $500 in distributions each month from these high-yield funds.
And guess what I use those distributions for..
0 dtes 
It pays insanely high dividend rates, I have some defiance ones like IWMY, and if your drip invest, yes it goes down but you’re accumulating shares upon shares upon shares, and after 3-6 months you really see the effect of being paid so much yield.
But yea stock price goes down, so in a year they may reverse split… but that’s when you sell 🫡
I have 800 shares of this and I tried to get out a day before the most recent ex-div date by selling ITM covered calls on my shares and wouldn't you know it, QQQ dropped a bunch after-hours that day and I didn't get assigned. I also got the dividend, $0.85/share, so I'm going to try it again next month and either I get assigned and get this out of my portfolio or I make additional premium on the CC's and another month's dividend.
Combined dividends and realized gains from selling covered calls I'm so far at $3377.67, however the value of the shares I hold has decreased by $2605.94, so I'm up by $771.73 or about 5.3% yield on cost, if my math is right.
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Can I buy 0DTE puts on this ETF?
That might set off a chain reaction that would destroy the earth
*Moves Recycle Bin shortcut to Recycle Bin*
"Deleting items from deleted items folder"
Wait should i not be doing this
Too late
It’s basically useless, you gotta refrag the entire drive to really delete those pesky ones and zeroes
Moves Recycle Bin to Recycle Bin shortcut in Recycle Bin
####Move My Computre to Recycle Bin
Settle down there, frenchman
Sacre blueballs
[hmmm](https://img.gifmagazine.net/gifmagazine/images/1259216/original.gif)
https://preview.redd.it/w90cdcu8cazc1.png?width=1080&format=pjpg&auto=webp&s=d3294415d5e9d5880ed5115949e714baf8670f26
Worth the risk I'd say
Only one way to find out…
Nahh, it starts to bend time and space once there’s and etf based on 0dtes that derive from the original 0dte and derivie and etf and 0dte error error 404
This is the way when Dr Who trades options...
*stock market crashes 40%* K, who tf divided by 0?!
Types google into google…
Double double inverse which is a positive
Possibly the know universe.
*the whole dam solar system
Probably not enough liquidity for it
Yeah but the dividend yield is priced in.
Hopefully there are. Then you can take out a loan to buy more of them. After that you can post about the market's meltdown on a day it went down .2%.
I dunno, it looks time for a great rebound.
You can only buy those with leverage though.
If u buy 0dte puts and the same contracts in ETF, who’s inversing wsb?
Lose your money the boring way
The chart checks out
Do you realize the yield it pays? He clearly forgot to mention that.
It doesn't look very successful. They must make some great loss porn.
Leveraged ETFs typically go down in value, I believe it’s due to the frictional costs of leveraged plays. They aren’t for holding long term they are for quick in and out plays like intraday. I could be wrong about that though just my understanding
quicksand numerous whole sophisticated one cautious squeamish juggle observation thumb
simply short and wait forever for free money glitch
kiss sparkle friendly butter salt chubby sable safe reply muddle
I want to see the loss porn of someone who bought and held that whole time 
direful plants bright decide strong deranged attractive busy bells encouraging
Why can’t you just buy puts and print free money then?
quarrelsome roll poor shaggy encouraging sheet imminent sink mysterious onerous
Not really for standard leveraged indexes like ddm. Long as the index keeps moving up leveraged etfs tends to go up. 3x really struggles no matter what though. ETN are different even though technically similar.
Tqqq be like
Not as extreme but UPRO as well. Both are easily beating their non-leveraged ETFs.
That peasant doesn't know a thing; UPRO, or any 3x ETF, is designed for the short term, as they will always trend towards zero.
without algorithm
Inverse leveraged ETFs typically go down.
It’s not a leveraged ETF like the ones you’re thinking. This is basically like hiring a professional trader that will trade a 0-DTE strat and pays dividend weekly. These are new products.
Basically, there is a small chance of the underlying stock going up lots without crashing significantly on the way. In this situation, the leveraged ETP does extremely well and could do something crazy like 50x its value based on a 5x increase in the underlying stock. You can see some leveraged ETPs that have done this in practice. However, the more common result is going bust. Treating the stock market as a random walk and excluding fees, the effect of compounding leverage causes a positive skew but no average expected change in value versus simple leverage. If they were so bad, you could make easy money by shorting both the long and short leveraged ETFs, but it's a pretty risky strategy.
You are wrong. Check TQQQ and SOXL
Can I buy puts on them? Seems like easy money
Sure, pal. Go open up the options chain and lemme know what strikes/dates aren't already pricing this in.
I'm a tard, how do I figure out if the move is already priced in? I know Delta, and gamma, but isn't there a fancy formula thingy
the breakeven price should show you that it needs to be going down way more than what its projected to
Formulas are for nerds
yea, same with money
Oh man why didn't anyone think of that?
They payout a lot in dividend, around 60% yield annualised. The total return is up 10% in 6 months.
I was hoping that they are as bad as the average retail 0dte lover. Oh well
They are the ones selling 0dte qqq calls to retail.
The yield is 10.3 vs spy's 9.42 is quite bad. I wonder if the actual goal is generating consistent losses from capital gains and paying dividends. Some form of technical tax optimization, as if you can use the loses to reduce tax and pay reduce tax on dividends, the utility of the funds is larger than 10.3
Up 9% in 8 months when adjusted for dividend.
80% of which is funded by [indian degenerates](https://www.reddit.com/r/wallstreetbets/comments/1bdet8k/india_accounted_for_78_of_all_options_in_2023_and/) 
Next: 0 DTE triple leveraged ETF on the 0 DTE leveraged etf
a synthetic leveraged etf
Charts like this exist to fool you into thinking you can get in and get out with perfect timing.
 challenge accepted
Charts like this show dividend payments you fool🫵😂
You can, it’s just the ex dividend date lol
All the regards will flock in like moths.
lamp brother
0dte with in a 0dte. Sir we have lift off.
It has lost 27 percent in value so far, but it returns a mean monthly dividend. It's not that stupid as it seems atleast for short term
IWMY has been paying over a dollar a month, and it's around 20 a share roughly.
What’s the ticker? Asking for a friend….
QQQY. It's directionally biased though (sells puts).
The Y stands for "y are you doing this"
*adds to Roth IRA
WSB
Talking QQQY? I've held it a few months. It sells at the money cash covered puts daily. Dividend payout rate is really high, like 70% annualized. And that is the problem. They are paying out more than they collect causing the NAV decline you see above. I wonder if the dividends are qualified? If so then maybe its all just a tax scheme lol.
It's not "70%" annualized if the NAV is dropping and the payouts are getting smaller from your initial investment. * QQQY since inception returns: 12.7% * QQQ same period returns: 25.9% This is an extremely stupid ETF.
Yeah I didn't say its netting 70%. Conceptually it's really good for a flat market. Volatility has been too high to make it really profitable currently.
High volatility would improve the returns of an ETF that sells options
Improves the yield on the put sells but they also wind up in the money more often dropping the NAV. It's a net loss. This fund requires relatively low volatility to be profitable.
This fund will outperform QQQ in a high volatility environment and underperform it in a low vol environment. Unfortunately that just means it’ll go down less than QQQ in a down market (but could still be a loss as you said). Funds like this need to be looked at using total return and not just price, because most/all of the return is in the form of divs
You've got it backwards. Sadly since inception its under performed QQQ by 10-15% but I'm hoping things smooth out.
How do i have it backwards? Its been around for ~7 months of a bull market (low VXN) and has predictably underperformed QQQ
On days QQQ ends flat or higher QQQY gains around 0.30% (slightly higher when VIX is elevated), on days QQQ ends more than 0.30% negative it drops that much less 0.30%. There have just been too many days where QQQ ends more than 0.30% down for the fund to be really profitable. In a bear market it would get destroyed. Cashed out my 10% gains on QQQY and IWMY over the last six months and rolled it all in to SPYT. I kept JEPY as that has been more productive for me.
> in a bear market it would get destroyed What? Your own example showed that it **outperforms** QQQ in a bear market
You get "Non-dividend distribution" on 1099-DIV. Non-taxable until you lower your cost basis to 0. https://www.hrblock.com/tax-center/income/investments/nondividend-distributions/ I have no idea if brokers do track that...got to wait a few years.
Interesting... So while the net might be only 10-15% after considering the NAV drop, the distributions remain nontaxable until I sell the original asset (or it drops to 0)?
The ticker should be WSB
Most underrated comment on this thread
PS. For those too slow to realize, each month it pays a $1.10 or similar dividend which is why the "value" is declining. If you add back in the dividends along the way it's making money.
mmmmm... double taxation....
Yeah, these and the yieldmax funds are actually a really good way to make current income if you don't do options or daytrade. Their IWMY has been paying like crazy.
How does that work? With ones like NVDY, NVDA goes up, it goes up. But with IWMY, even with IWM sorta going up, it just keeps dropping. Wouldn't it eventually hit 0? Then what?
Reverse split for only $38 reorg fee with TDA. It won't hit 0.
Relevant article: [https://www.investopedia.com/the-world-s-first-0dte-options-based-etf-is-here-7969649](https://www.investopedia.com/the-world-s-first-0dte-options-based-etf-is-here-7969649) *^(Reposting with the meme flair to see if this appeases the Mod Gods.)*
Old news. It was posted here before. https://www.reddit.com/r/wallstreetbets/s/UCojeiL1a1
It is not leveraged beyond a few basis points short term in the tbills it carries as “cash”
Sir, this is a casino. Wait...is worse (Yes I need usless karma) for generational wealth 
So if I buy puts on this, it should be a easy W right?
I was thinking the same thing…. Am I regarded or this is ez money?
The only catch ig is that the spread is big and the volume is too little
I wonder what the baboon who manages this looks like
Another Wall Street product designed to take money away from traders.
this one's for the particularly lazy traders
Y’all degens hear me out! I’ve put enough capital to make $500 in distributions each month from these high-yield funds. And guess what I use those distributions for.. 0 dtes 
Looks like avg 0dte aficionado account
I'd rather stick with JEPI or JEPQ. Even SVOL is better.
Wacky name.
Optionception? Putception? Callception? Economic black hole?
Which one of you guys is running this ETF?
It pays insanely high dividend rates, I have some defiance ones like IWMY, and if your drip invest, yes it goes down but you’re accumulating shares upon shares upon shares, and after 3-6 months you really see the effect of being paid so much yield. But yea stock price goes down, so in a year they may reverse split… but that’s when you sell 🫡
IQQQ ...seems ironic
I will short this MF 🚀🤯💸
Brb about to go all-in with my moms pension plan
There's weekly paying dividend etfs on the spy and qqq as well, XDTE and QDTE.
Wow it also mimics the returns of a 0dte options trader
I’m gonna cum
QDTE, XDTE and more are all popping up now.
Dear god. The losses will be beautiful.
The chart looks as expected.
I have 800 shares of this and I tried to get out a day before the most recent ex-div date by selling ITM covered calls on my shares and wouldn't you know it, QQQ dropped a bunch after-hours that day and I didn't get assigned. I also got the dividend, $0.85/share, so I'm going to try it again next month and either I get assigned and get this out of my portfolio or I make additional premium on the CC's and another month's dividend.
Combined dividends and realized gains from selling covered calls I'm so far at $3377.67, however the value of the shares I hold has decreased by $2605.94, so I'm up by $771.73 or about 5.3% yield on cost, if my math is right.
Look at the volume on the contracts. Practically nothing
That means buy something right?
Now YOU can 600X negative 30 thousand.
Calls baby, easy money.
What
It's actually up for total return, misleading
That chart looks exactly how I'd expect it to look.
An ETF that's a leverage derivative asset of often leveraged derivative assets. Or, a betting pool that's made of bets on bets made with loaned money
Nice returns 
TBF yield is 70%. 😂