TNADirexion Daily Small Cap Bull 3x Shares
TNA Fund Description
TNA provides 3x leveraged exposure to a market-cap-weighted index of US small-cap companies.
TNA Factset Analytics Insight
As a levered product, TNA is not a buy-and-hold ETF; it’s a short-term tactical instrument. Like many levered funds, it delivers its headline 3x exposure for only one day at a time. TNA offers 3x levered exposure to nearly 2000 companies that span mid-, small- and micro-cap territory: the Russell 2000. As a short-term instrument, trading costs account for most of the expense associated with using this ETF. Fortunately, TNA is ultra-liquid: Daily volume is extremely strong and spreads are tight despite the 3x multiple. TNA’s liquidity makes it a top choice for traders well versed in the risks and rewards of levered ETPs.
TNA Charts And Performance
TNA Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of TNA. TNA is rated a 5 out of 5.
Options Strategies for Outcome Investing
Options allow you to customize investment outcomes. Using the strategy builders provided by Cboe Vest Technologies, you can construct some of the most common option strategies. Check out our user guide for more information on how to use the tool.
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.