Methodology: each issue's direction is a live signal — long/short opens or holds a position, neutral means flat, and every direction change opens, flips, or closes it. Returns are direction-aware (a short gains when the price falls) and compound across positions from first observation to the latest issue. "Price move" is the stock's own raw change, shown separately. Neither represents actual portfolio performance.
Brief History (2 issues)
Up 7.33% to 8.64, faithfully doubling TSLA's +3.8% bounce, barely reclaiming the 20-day at 8.39 — but the 50-day (11.15) and 200-day (15.0) loom two floors above. The math tells the truth: TSLA is -25.7% YTD while this 2x wrapper is -56.3% YTD and -45.9% over three months. Volatility decay in a choppy downtrend is a meat grinder. With the underlying capped by every moving average and spinoff rumors swirling, one green candle is short-covering, not a reversal — nothing counts until the 50-day is reclaimed. Day-trade tool; don't linger overnight.
The 2x TSLA fund lost 29.2% in a day, -67% off its high — decay plus a crashing underlying. Leveraged products should never sleep through earnings night; consider the tuition paid