January 2, 2026 - Opening trade to establish a long TSLA position and a short TSLL position to capture the beta slippage in TSLL. Since TSLL is 2x levered, the notional size needs to be half that of TSLA. This can be a perpetual trade so entry and exit timing, are meaningless. Entry prices matter, but remember to adjust the number of TSLL shares sold to equalize the notional to half of your TSLA notional. The margin required at Interactive Brokers to put this on at the size below is $14,565.
BTO 100x TSLA for $453.50 = notional size of $45,350
STO 1,167x TSLL for $19.43 = notional size of -$22,674