system
A chat on subreddit /r/wallstreetbets
human
That makes a lotta sense. However, and my memory might be wrong, I thought the options on JNUG were awesome before they reverse split?

gpt
By definition, you are buying derivatives on an instrument that itself functions only by leveraging moves of the ticker's underlying. It says right in the prospectus that the fund seeks triple through options. By definition, you are paying for the bid/ask spread of both the options traded by the fund, as well the bid/ask spread of those making the market on JNUG.