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I took some. I made a list earlier

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fumoney7   Friday, 03/13/20 06:56:37 PM
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I took some. I made a list earlier this month about falling oil tickers. I didn't realize I bought 3x ETF. So I'm reading a bit about it and saw this:

https://www.proshares.com/3xetfs/
Quote:
ProShares UltraPro and UltraPro Short ETFs offer 3x and -3x exposure to major market indexes.




Ok. So I presume the index to follow is $OIL?
And if I understand correctly, if $OIL goes up 10% this will automatically go up 30%?

Thanks.


And I see there are options for a 3x ETF? This sounds like it could be very explosive if all goes well? (not doing options, yet)

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