Exploring a short term hedge strategy. UPRO/UVXY. (3x Bull, 1.5x Bearish)
Buy both at the same time. Once the percentage difference between the two is greater than x%, sell them both and capture the profit. (Obviously you could lose here too.).
Question:
What is the x% that makes it profitable?…considering the expense ratios of the ETFs. Is it basically 3%? so that it beats the 0.91% (UPRO) + 0.95% (UVXY).
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