John Hood ProShares UltraPro Short QQQ SQQQ-Q DON'T BUY Feb 20, 2024

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

John Hood

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COMMENT

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.

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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John Hood ProShares UltraPro Short QQQ SQQQ-Q DON'T BUY Feb 20, 2024

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