$Direxion Daily Semiconductors Bull 3x Shares(SOXL)$
I really don’t think it will be a good holding for a while due to those and the extreme concentration and massive leverage. I want out but my cost basis is $47.
Been selling long dated covered calls on it after a big green day or 2. It inevitably dumps the next day or two and I can make about $150-$250 per contract.
Growing that cash pile to DCA after the election and i should be able to get out at break even or slightly above. It was never one I would have held more than a week before but I got caught in the end of July blood bath and I’ve been digging my way out ever since.
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