2024 was a record year for
s Since the SEC approved the first single-stock format, usually with two times leverage. This means that if, for example, Nvidia is up 1% in a single day, the s, again in many cases 2x inverse, meaning if Nvidia is down 1% on that day, the s was $500 million. On January 2nd of this year, we did $7.3 billion," Todd Sohn, head of
s are short-term traders who turn over the assets on a near-daily basis and could care less about the fees or a daily reset. This is part of the increasing "retailization" of trading, the rise of self-directed investors, not just in the U.S. but globally, These people seek out the most volatile stocks and want want to trade them with leverage. And the client is increasingly international. "You have a generation of retail investors around the world that want access to U.S.
s. Of that $10 billion, he said, 30% turns over every day. "That tells you that the vast majority are holding these very short-term, which is the correct way to use these instruments," he said. 24 hour trading This demand for U.S. tech stocks is tied in with a related story: the move toward global trading, or at least global trading of U.S. stocks.
in December, which generates income by selling puts on Tesla. He is expecting the first distribution in mid-January. Where is this going? Sohn, head of