Lots of folks clowning this and it’s definitely dumb to spend $120k on TQQQ LEAPs when you can achieve the same exposure with much better liquidity on QQQ LEAPs.
But you have time on this so idt it’s totally stupid
No...it does not.
"Fine" in the sense you can literally buy and sell an option? Sure...
But sounds like you also should read up on why it doesn't make sense. Options pricing formula accounts for the leverage volatility. You are gaining nothing by trading TQQQ options instead of QQQ; the underlying is leveraged, the options account for that. What you do lose is the liquidity offered on QQQ options, or the tax advantage of NDX. There is no benefit of options on TQQQ.