I've been swing trading TSLQ and unfortunately held on a bit too long during yesterday's bull run. Before the massive 20% spike in Tesla stock, with my cost basis, anytime TSLA is below $274, I'm in the green. After the run up on Tesla yesterday, the price of TSLA now has to be around $245 for me to break even.
How the hell did this happen?
I'll admit, I'm not well versed with these inverse ETFs and probably shouldn't be in them in the first place. However, I've been successful so far, having made around 40% in gains riding TSLQ over the last 2 months, and didn't seem to experience any real volatility decay despite the large swings in TSLA during this same time period.