A type of exchange-traded fund (ETF) that uses leverage to increase the return of a specific benchmark. Introduced in 2006, ultra ETFs have expanded to encompass a variety of ETFs with underlying benchmarks ranging from broad market indexes like the S&P 500, Nasdaq 100 and Russell 2000 to specific sectors (financial, technology, health care...), industries (semiconductors, biotech, oil and gas exploration and production...), geographical regions (Asia, Europe, Mexico...) and even short-sell holdings (inverse S&P 500, inverse Nasdaq 100, inverse Russel 2000...). Ultra ETFs are often referred to as leveraged ETFs or geared funds.
The market has been range bound for the last few weeks with volatility on the decline, and earnings all over the place. So where to go to look for a trade? Nike has already had Earnings and is near a low of the year, so seems like a good option. As a contrarian that can mean only one thing to me: I have to make a trade with the assumption it will go up from here over the next 45ish days. We will do that by making a Long Call Vertical trade to bet that it starts to head up over the next couple months. For more on my trading and how to join me in real time, see below. Watch the video to get the details. Kal Trading Risk Disclaimer All the information shared in this video is provided for educational purposes only. Any trades placed upon reliance of SharperTrades.com are taken at your own risk for your own account. Past performance is no guarantee. While there is great potential for reward trading stocks, commodities, options and forex, there is also substantial risk of loss. All tr