SOXL
Direxion Daily Semiconductor Bull 3X Shares
stock NYSE ETF

SOXL leap spreads crazy af

How comfortable should I be with holding 1700 shares of SOXL over the weekend, asking for a friend ofc 

**$184 > $2,600 on $UNH puts. $36k roth to $22k and back to $40k** thanks to a series of SOXL calls and shares + buying a bunch of 2x leveraged single stocks like ROBN, HIMZ, ETHU & ORCX at the bottoms. Last month has been crazy, got sick & depressed during the recent crash & didnt have the energy to day trade puts on the way down. Literally just held calls and they all expired worthless. Immediately when I felt better I got clear minded and just day/swing traded calls on the way up. I have so much cash on hand, ive taken all profits**,** & as of now i'm doing cheap itm & otm calls on the regular versions of my 2x leveraged stocks & will start day/swing trading cheap puts when I feel they get too overextended. I'll now always be hedged in a put, even if its a small loss.
As for $UNH , i bought shares at $300 and needed to protect them, so i bought a cheap $184 $300P 1DTE. Didnt care if i lost it or not, as I trade only what im willing to lose per hedge. Also have a large position in $CURE so i picked up some XLV puts. I only do options on stocks I own and I ONLY use puts as protection & ONLY do calls on stocks I took profit on, and use the profits to gamble.
Im in nothing but highly volatile stocks in roth bc the options on them are so cheap and lucrative, & plus i bought them at the bottom of the crash. (50% of my net worth is in safer index funds btw, roth is for no taxes lmao) If we didnt crash I wouldve stayed in the regular versions of HOOD, HIMS, ETH, etc. Took a risk & it paid off. Now im eager for a pullback, puts on SOXL & IWM alone will take my roth to $100k. Calls will do the same if we keep running. Either way we get rich boyzzz & i will never EVER let this account get cut in half again, thats a promise lol

There’s literally no bad news. Betting on Trump saying or doing something stupid is your only hope. All the data and numbers look good. Trade deals happening and more coming.
Right now I prob wouldn’t buy calls or puts. I’d be selling calls/puts since we’re likely to consolidate. Running the wheel on SOXL is my plan.
This is just going to continue going up after cooling off a bit. Don’t fight it, lost my ass on SQQQ already. Made it up with SOXL

You can be more aggressive and buy SOXL calls

Buy SOXL at $8. Sell for profit.

What if SOXL goes to 1?

The fact that AMAT missed and SOXL isn't even down a percent tells you all you need to know. Buyers are in control and want to take this bish higher

Definitely regarded - the same SOXL which went from 10 to 18 in a matter of a month? Nice, you could be assigned - assuming you are doing Jan’27 ATM leaps - about $300k of short SOXL and lose around the same if the market repeats that performance.
Let us know how it works out!!

I sold a loss of SCHA for -60 and moved the funds to SOXL at $12, now up on those funds $200+. Sometimes it’s good to cut losses for greater opportunities

Closed out my 6 year old Apple position and balls deep in NVDA and SOXL leaps (god help me)

Down on UNH and SOXL 

Always trade leveraged ETFs based on their underlying. SOXX is pretty much the unleveraged SOXL and SOXX is flat YTD. There’s not much room left to run.
Another 10-20% maybe but you won’t get those crazy swings until everyone starts panic selling again next month.

AHHH I want to yolo into SOXL...

I trade the 2x and 3x stocks like SOXS/SOXL, TQQQ/SQQQ, TZA, TSLQ, some NVDA and boring stocks like XOM.

YOLO on SOXL. 19$ calls June 6th expiration

SOXL is slowly coming back from the depths as well. Daily leveraged is a bitch tho

If you have 70k cash, you are good to go. You're not getting "flagged" so much as promoted and rewarded by being a PDT. As long as your closing balance is over that magic 25k mark, it's smooth sailing, no more worry about settled funds. You trade as much as you want, instantly.
PDT status means you actually HAVE to use margin, I never saw anyone give you the option to choose, except to have both a margin account and a cash account like I have with Webull. You can switch back and forth instantly.
You will have 4x your cash DTBP, Day Trading Buying Power. 70k cash means you will have up to 280k buying power. You DO NOT have to keep 25k cash liquid, it can all be in stocks, but if the position goes against you, they could give you a Margin Call, which means you must put in more cash, or sell some shares. They will sell some shares for you if you do not respond, and your position stays in the red, or gets worse. They have a stake in your trade too, so they have to protect themselves.
Not all stocks and ETF's are eligible to be 4x. Certain stocks that are riskier will offer less margin, and leveraged ETF's have a special set of rules all their own, set by FINRA, though the broker can make it tighter, but not looser. 2x ETF's long or short require more cash on your part and less margin, and 3x long or short ETF's like TZA and TNA or SOXL and SOXS require the most cash and have the least available margin offered. Certain smaller and more volatile stocks may offer no margin at all, depending on the broker.

I trade SOXL/ SOXS and occasionally jump in on BOIL/ KOLD. Or PLUG. only going long. PLUG is a shit stock but does have it's ups some days, for afew time frames ( occasionally) who am I Kidding PLUG is just shit. Only reason I pull the chart is I have an extra screen and having all the screens full makes me look like I'm doing something.

INTC trying to single handedly sink my SOXL calls