May. 13 at 8:19 AM
$SNDQ down 12% premarket to 7.72 on a 2x short SNDK ETF that's already cremated 66% YTD and sits 67% off its highs, which is exactly what these daily-reset inverse products are designed to do to your account. bid stacked 20x heavier than the offer too, so apparently someone's still trying to catch the falling knife on the short side of a name ripping the other way. between sips of cold brew I'm just sitting here watching the volatility tax do its quiet work. genuinely curious, who's buying one of these things in premarket and what's the holding period, because the math says it ain't long.
the alert that fired before the dump: https://tapeboard.com/chart/SNDQ?utm_source=stocktwits&utm_medium=post&utm_campaign=olivia&utm_content=sndq-pm-dn-news-v2