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So, let's say I'm short a 3x levereged ETF or ETN, and want to cover...

Tags: etf forex
DATE POSTED:September 10, 2019
I am short several 3x ETFs, the inverse ones, so I am effectively long. But I don't want to buy those, as that will trigger tax on my gains. So instead I want to short their inverse, the 3x long counterparts, and have as absolutely as small net gain/loss on the positions going forward - I want the ups on one to as closely as possibly exactly offset the downs on the other and vice versa.

So let's say I am short $100 of SPXS. So to offset it I short $100 of SPXL.

Now let's say the market...

So, let's say I'm short a 3x levereged ETF or ETN, and want to cover...
Tags: etf forex