I've been very successfully wheeling NEBX puts and calls, which is a leveraged 2x ETF for the ticker $NBIS. There are two other leveraged tickers as well, which are NBIL and NBIG.
My question arises because in September when NBIS was $100, NEBX was 51. Now most recently earlier this month, NBIS was again $100 but NEBX was 40.
On the flip side, these two newer ETFs are like $10 a share. So the price difference over time doesn't seem like it'd be as drastic but they haven't been around long enough for me to check the trend over time.
So I'm just wondering if there's any established understanding or if someone has already done the math to know if the higher priced or lower priced leveraged ETFs hold up better over time, or if it truly doesn't matter