### Comment:
IV of the 3x funds accounts for the leverage, so by trading options on a leveraged ETF you will mostly just get wider spreads unless you have strong feelings about future volatility being lower than expected.

### REPLY:
Can’t you buy 1 qqq calls and sell 1 tqqq and profit long term from the slippage though? Im assuming the  high margin required and low payout makes it unattractive

### END.