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Just buy the index and then leverage.

I don't disagree with that, just don't think that these daily-reset 2x or 3x things is the best way to go. They *specifically* state that they should be used only for daily periods.

I'd be thinking more along the lines of something mungo suggested--leverage by buying a deep ITM call. XSP is 260.71, the March 180 call has 3X leverage and is almost all intrinsic value, only 1.49 time value. The Jun is similar.

Looks like somebody has that same idea.
The only Jun open interest (except for a couple of onsy-twosy) is on the 190, at 517 contracts.
Ditto for Match 190, at 568 contracts.

Other than that, not much ITM open interest until December.
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