Hi DowDeva,
For what it's worth, in answer to your question if search for a fund using a filter that meets general needs/desires. As an example SPX ultrapro with 3x leverage. I end up with SPXO and UPRO, 3x both ways.
I then look at the price of the ETFs.
I select the ETF of greatest price. Right now that would be the UPRO. Then I select the strike price I'm interested on the side, Puts and Calls that I desire.
Generally if SPX moves say 5%, then the ETF price moves 15% (in theory), and right now UPRO is priced at 52.81 and the SPXo is priced at $35.30. The UPRO ETF will make a larger movement in $ than the SPXO.
UPRO 52.81 -1.09 -2.02% -- -- -- -- 3,460,070
SPXU 35.30 +0.69 +1.99% -- -- -- -- 3,028,846
Today's action in chart shows this..... Thus in general I find it better to use the PUTS of the BULLish ETF when I am Bearish and I use the CALLS when I am Bullish. If the situation is reversed, I might choose the BEARISH ETF and then by the PUTS when I am BULLISH and the CALLS when I am BEARISH. The BULLISH AND BEARISH is not on the position it is on the Underlying INDEX. That sounds confusing so simply stated. ETF I want to Use by it's value/price, and then choose the Call or Put side based on What the ETF will do in reaction to my expected movement in the underlying Stock/index.
Chuck
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