ZSLProShares UltraShort Silver
ZSL Fund Description
ZSL provides -2x the daily performance of silver bullion as measured by the fixing price, in US Dollars, for delivery in London.
ZSL Factset Analytics Insight
ZSL is an inverse product, which attempts to deliver -2x the daily return of silver prices. ZSL invests in silver futures, meaning it’s structured as a commodities pool—so investors will have to deal with a K-1 form for tax reporting. ZSL is a short-term product and not appropriate for buy-and-hold investors because daily compounding can cause the fund's performance to differ greatly from the headline -2x exposure over holding periods greater than one day. You must rebalance your positions to receive the -2x multiple over longer time horizons. In addition to those obstacles, actually holding onto ZSL is quite expensive due to its large fee, which is typical of levered products. Liquidity is paramount for traders' tools like ZSL. The fund has typically traded with decent volume, but spreads can be wide at times.
ZSL Charts And Performance
ZSL Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of ZSL. ZSL 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.