OMDS SO XL. Um SO XL. Let's look at that. Let's let's look at SO XL because there's tons of premium in that. And so and so this is a SO XL is a directional uh semiconductor play and can go absolutely parabolic and can go down like went to $7.
I like I've played this a few times. It you know from $60 to 7 it can move quite a bit.
Uh so you know when those expectations shift or like the Korean situation happens that that hits the index pretty hard. Uh wow that's a big allocation in there. Sockil, and I'm not saying that like it's now and it's it's definitely the bottom.
But, uh the real concern is, you know, when a 3x ETF goes to zero, it doesn't come back. The leveraged ETFs don't.
It was it was fueled by extra you know by these leveraged ETFs like the sockel sooxl is the bullish uh semiconductor ETF and it was like $35 billion and it was a three times ETF so that's like a hundred billion and so that caused the rally to be larger than it needed to be and it caused the decline to be more than it needed to be
