Every one of the top 10 ETFs ranked by trade volume via percent change for July were leveraged vehicles. Disturbing trend to me. Options are already perceived as a “gamble” or “too risky” by those unfamiliar with how they work and large leveraged losses can only add to that stigma over time. To the risk
The financial sector has an ETF that tracks the sector ($XLF) and it had a whopping 15.7% gain today. In fact, today’s gains in the ETF are the largest ever for the 10 year existence of the XLF. Three of the largest holdings are Bank of America ($BAC), JP Morgan ($JPM) and Wells Fargo ($WFC).