Doesn't make sense. If SOXL is +5% I expect SOXS to be down more than 5% accounting for additional charges but it is down -4.6%. They used to track each other quite closely but since the reverse split something changed.
Anyone here knows why SOXS doesn't match the percentage change of SOXL? If one is up +5%, I expect the other to be down -5%. However SOXS seems to have a constant .4% differential?
Has anyone ever tried buying calls on SOXL and puts on SOXS simultaneously? Or vice versa? Seems like an interesting way to double down on semi volatility