Larry Berman CFA, CMT, CTA ProShares UltraPro Short QQQ SQQQ-Q COMMENT Oct 26, 2020

SQQQ is triple leveraged while PSQ is a single leveraged. If you understand the leverage, SQQQ could be a way to leverage for the downside, but he would not recommend it. PSQ is a single inverse relationship that is one-to-one.

Larry Berman CFA, CMT, CTA

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DON'T BUY

Dislikes inverse ETFs which are too risky. Would rather do put options.

TRADE

He uses the QQQ in 2 ways -- for trading and for hedging. The SQQQ is a short on the QQQ -- useful for Canadian platforms that don't allow you to get into futures and options on futures.

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Larry Berman CFA, CMT, CTA ProShares UltraPro Short QQQ SQQQ-Q COMMENT Oct 26, 2020

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