$Direxion Daily Semiconductors Bull 3x Shares(SOXL)$ It's been a while since I have been on the bandwagon for Semiconductors. Recently someone asked me a question, why am I holding on to SOXL for so long, am I not afraid of the volatility decay? I felt it was the right question, but without the right context it would lead to an assumption that I hold SOXL for the long term. I don't, at least not in the "buy and forget" sense. Let me explain both halves of that β the decay risk, and why I still think the underlying thesis justifies leaning into a 3x leveraged product right now. On volatility decay SOXL is a daily-reset leveraged ETF. It targets 3x the daily move of the semiconductor index it tracks, not 3x the move o