hold it for longer than one trading day the cost of that leverage will be embedded into the daily naftoing to start to see a drift over a period of time. if you hold these for a period of time don't expect to see the 3x leverage that you do with the underlying leverage. the second thing you have to remember is these etfs trade a substantially smaller amount of volume than the qqqs or the sbys when you're trading options on them, theed by/ask spreads are significantly larger even if you are trading an equivalent put hedge on one of these leverage etfs you're likely going to pay a larger transaction cost to get in and out of those trades. for those reasons that's why you're better off trading the actual etfs themselves, trading three times as many if you want that type of leverage because you're going to see lower transaction costs even if the two trades are equal in nature >> really good real world advice i feel like you guys should charge for this kind of stuff. it's a master class but here it is free on "options action." great stuff. we are not done yet. up next we are answering some

. >> let's discuss now with olympic naft i cans gold medalist nadia komenic, and b.abart connor. being with us. simone biles is the biggest athlete in the lolympics, the pressure is high. can you relate at all? >> a little bit. first of all, i would like to say congratulations actually to the team who won the silver and didn't lose from the gold, the silver. and the girls did amazing under the circumstances that we do not have -- nobody has thought about what happened today in tokyo. so, yeah, i can relate to that because i did the compete in two olympic games and i was young and the first one and it was easier actually in the first olympics because i was young and i didn't doubt myself. and i just went for it and i didn't are have too many ifs. four years later, i went back as the olympic champion and i think that the more medals you have when you go back, the heavier the backpack is. so, you kind of have to be prepared that you are going to be hit from all directions, and on everything that you do. so, i did make a major mistake in the moscow olympics. my second olympics. and a