Domain: tiger-web1.srvr.media3.us Single stock ETFs launched today | Money Talk
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Single stock ETFs launched today

Posted on 7/15/22 at 11:14 am
Posted by slackster
Houston
Member since Mar 2009
91483 posts
Posted on 7/15/22 at 11:14 am
Investopedia

quote:

AXS Investments this week is launching eight new leveraged single-stock ETFs focusing on companies including Tesla Inc. (TSLA), Nvidia Inc. (NVDA), PayPal Inc. (PYPL), Nike Inc. (NKE), and Pfizer (PFE).

Specifically, these funds are the: AXS TSLA Bear Daily ETF (TSLQ); AXS 1.25X NVDA Bear Daily ETF (NVDS); AXS 1.5X PYPL Bear Daily ETF (PYPS); AXS 1.5X PYPL Bull Daily ETF (PYPT); AXS 2X NKE Bear Daily ETF (NKEQ); AXS 2X NKE Bull Daily ETF (NKEL); AXS 2X PFE Bear Daily ETF (PFES); and AXS 2X PFE Bull Daily ETF (PFEL).




Weird to see PFE in the group, and Nike to a lesser extent.

I’m sure a 2x Bear Nike ETF would appeal to a board or two on this site.

I enjoy life (and money) too much to bother with a 2x inverse daily Tesla ETF, but to each their own.
Posted by rintintin
Life is Life
Member since Nov 2008
17009 posts
Posted on 7/15/22 at 11:32 am to
Honestly, these items are better for retail so as to avoid using real leverage.

People are gonna gamble regardless, at least with these you don't get margin called.
Posted by Diseasefreeforall
Member since Oct 2012
7289 posts
Posted on 7/15/22 at 11:34 am to
These are like inverse bond funds where you only want to hold them for the very short term. Not something I would do, but I could see them being used as hedges for earnings plays and that sort of catalyst trading.
Posted by wutangfinancial
Treasure Valley
Member since Sep 2015
11937 posts
Posted on 7/15/22 at 12:50 pm to
$TSLQ
Posted by FLObserver
Jacksonville
Member since Nov 2005
15936 posts
Posted on 7/15/22 at 12:56 pm to
Kinda late on this. A lot of stocks have already been beaten Down. I'm sure there is more downside but on a lot of stocks they already down 30 to 40% or more.
Posted by el Gaucho
He/They
Member since Dec 2010
58687 posts
Posted on 7/15/22 at 1:00 pm to
How do you short that fat chick yoga stock
Posted by UpstairsComputer
Prairieville
Member since Jan 2017
1806 posts
Posted on 7/15/22 at 1:32 pm to
You could also use these to hedge in a cap gains situation...
Posted by Shankopotomus
Social Distanced
Member since Feb 2009
21082 posts
Posted on 7/15/22 at 3:20 pm to
Wonder what this’ll do to the demand for options net-net

In other words, with hedge products available will their ultimately be MORE demand for options to back these up for dramatically less as retail won’t play them as much?

Not sophisticated enough to know
Posted by tokenBoiler
Lafayette, Indiana
Member since Aug 2012
5010 posts
Posted on 7/15/22 at 3:33 pm to
quote:

People are gonna gamble regardless, at least with these you don't get margin called.
I think you're being way too optimistic about some of the wsb degenerates.

Hey, if I can yolo without margin, I can yolo a lot better with.
Posted by rintintin
Life is Life
Member since Nov 2008
17009 posts
Posted on 7/15/22 at 4:50 pm to
quote:

Wonder what this’ll do to the demand for options net-net


Considering there very well could be options released on these products, it could increase demand.

What's better than yolo'ing on OTM TSLA calls? Yolo'ing on OTM leveraged TSLA calls
Posted by Shankopotomus
Social Distanced
Member since Feb 2009
21082 posts
Posted on 7/16/22 at 12:02 am to
quote:

Yolo'ing on OTM leveraged TSLA calls


Oh shot I didn’t consider that
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