honestly a 16% gain in a 3x fund is not really that much, its really like a 5% in the average stock or non leverage EFT, that that happens all the time. It just looks like a lot beacuse its well a 3x fund
5-6% is still a lot... I don't know what you trade, but something like TNA/TZA or FAZ/FAS would only show this type of variance once in a blue moon... I like those pairs better though because they offer more liquidity for options. I can't really put on an opposing spread for DUST. I'm comfortable enough with my read on PMs to just short the bounces though. I'll change my mind if I see a sustained close past 1585 and 29.