did not expect that drop…
Tesla always runs up before ER and sells off afterwards. If you’re leveraged then the drops going to be multiplied.
The spread (buy-sell) can be several % on those ETPs too, though you won’t know what it is unless you buy then sell a small quantity ( you will lose the spread, so use the smallest possible amount!).
So you obviously don’t really want to sell. One thing you can do is use a pending Short, -3xTSL ( or similar name ETP) order, to buy if the price drops enough. That just about cancels out your losing +3x, ( you can buy more or less of course) so if you aren’t glued to the screen at the time you don’t have to run…
Those instruments can be spectacular, + or -. One which doesn’t rely on Elon alone is 5QQQ, based on 100 stocks. It’s gone up something like 220% in 3 months. It would have been more like 300% if you’d managed to sell during the drops.