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ProShares UltraShort S&P500 Message Board

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  • edcannonsat edcannonsat Dec 30, 2008 12:43 AM Flag

    What is similar but not too similar to SDS?

    DXD might be a possibility -- it's an inverse ultra ETF tracking the Dow Jones Industrial Average index.

    BGZ would be roughly 50% more risky because it's more leveraged (3x instead of 2x), but as it tracks the Russell 1000 it seems to me like it may be different enough from SDS to be okay with respect to the wash-sale rule.

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    • I wouldn't bet on that, especially this year where the IRS won't have too much profit to tax, so I'd expect them to be tough on the wash sale rule. 2 or 3X shorts are substantially the same, as you yourself think, since that's the trade you plan.

 
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