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Leveraged Funds
Here are a list of some leveraged funds. I'm hoping we can get some cheaper suggestions as well.
SAA - SmallCap
RXL - Healthcare/Biotech
DDM - Dow Jones Industrial Average
SSO - S&P 500 Index
DIG - Energy (Oil & Gas)
MVV - midcap
QLD - Nasdaq 100
ROM - Tech
UCC - Consumer Services
UGE - Consumer Goods
UKF - Large cap
UKK - smallcap
UKW - midcap
UPW
USD
UVG
UVT
UVU
UWM
UXI
UYG
UYM
Other options
If you think that VTI will decline in price, either buy a put or buy VTI and issue a written call against it. However, a covered call is only appropriate if you anticipate the stock price decline to be brief. The risks of a covered call are similar to that of a naked put.
If you think VTI will rise, you might buy SSO or buy a call option on VTI or sell a naked put on VTI putting the proceeds in a balanced fund or T-Bill so that you have a cash-settlement with the broker for the maximum potential loss. That way, you avoid a margin call.
For retirement accounts, the only options you can have are covered calls, which provide premium income as long as the option isn't exercised.
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