BABX GraniteShares 1.75x Long BABA Daily ETF
What is BABX?
BABX provides 1.75x leveraged exposure, less fees and expenses, to the daily price movement for shares of Alibaba Group Holding Limited stock.
BABX Factset Analytics Insight
BABX is a short-term tactical tool that aims to deliver 1.75x the price return, less fees and expenses, for a single day of ALIBABA stock. Purchasers holding shares for longer than a day will need to monitor and rebalance their position frequently to attempt to achieve the 1.75x multiple. Aside from the leverage, compared to traditional ETFs, the shares take on added volatility due to the lack of diversification. Purchasers should conduct their own individual stock research prior to initiating a position and trade with conviction. Due to the complexities of the product shares tend to perform as anticipated only when the underlying shares are trending and holders are on the positive corresponding side of that trade. However, the shares provide the advantage of capping the maximum loss to the full amount invested.
BABX Summary Data
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Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of BABX. BABX is rated a N/A out of 5.
Options Strategies for Outcome Investing
A collar strategy is a protective option strategy constructed by writing a call and buying a put with the same expiration date while being long the underlying security.
A covered call is an income strategy constructed by writing a call option against a holding of the underlying security.