@ahpigsy@thatsthatmate so in regards to why wasn't BBUS higher up on open even though the the DOW was down over 7% is because the ETF also tracks the the S&P futures as well. Hence why I usually prefer to trade with BBOZ, rather than the BBUS for this very reason. Although the US markets may end up in the RED, by the time our markets have opened the S&P futures usually rebound like shown today.
Looking at the indices futures, (
https://au.investing.com/indices/indices-futures) S&P futures is currently sitting at +3.39% in the green. IMO I prefer to trade BBOZ as it is more relative during our trading times, and it is also less volatile although returns may be less when compared.
I suggest if you would like to trade these inverse ETFs, look at what markets they are tracking.
BBUS = S&P 500 + S&P 500 futures
BBOZ = S&P/ASX 200 + ASX SPI 200 Futures
BBUS FACT SHEET:
This is from what I have gathered and imo not financial advice.
