it will probably double 3 times in the pre market trade. that will put it at $64 right before the open. good luck to you sir. i will be profit taking half on the open and the other half if it spins up to $100 by the close.
FAZ can move way more than +75% in a day. It's a 3x etf. That means if the bank stocks drop 30% tomorrow, FAZ goes up 90%! If the banks drop 50%, FAZ goes up 150%!
Plus there is also the compounding effect. If bank stocks drop 20% in one day, FAZ goes up 60%. Then if they drop another 20%, FAZ goes up another 60% from its new price. The net gain would be +156%! Theoretically, FAZ has no upper limit. The only problem - bank stocks have to drop.