$Direxion Daily Semiconductors Bull 3x Shares(SOXL)$  SOXS is one of those leveraged ETFs that tends to work against people who hold it too long. The structure itself is built to decay over time, with daily resets and negative roll yield eating away at value. The reverse splits aren't random, they are a direct result of how these funds are designed.

The green moves are usually temporary. These products bleed value over time, which makes put options an interesting way to play their structural weaknesses rather than trying to time the bounces perfectly.

A lot of retail traders get drawn into these setups and end up stuck on the wrong side when the floor drops out.

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