{"slug":"leveraged-etf-rebalancing-and-the-close","qid":"reset_math","label":"reset_math","post_title":"leveraged-etf-rebalancing-and-the-close","post_url":"/blog/leveraged-etf-rebalancing-and-the-close#q-reset_math","columns":["session_date","move_label","direction","abs_move_pct","trade_2x_pct_of_assets","trade_3x_pct_of_assets"],"rows":[{"session_date":"2025-04-09","move_label":"April 9, 2025","direction":"higher","abs_move_pct":12,"trade_2x_pct_of_assets":24,"trade_3x_pct_of_assets":72},{"session_date":"2025-04-04","move_label":"April 4, 2025","direction":"lower","abs_move_pct":6.21,"trade_2x_pct_of_assets":12.42,"trade_3x_pct_of_assets":37.26},{"session_date":"2025-04-03","move_label":"April 3, 2025","direction":"lower","abs_move_pct":5.35,"trade_2x_pct_of_assets":10.7,"trade_3x_pct_of_assets":32.1},{"session_date":"2025-04-10","move_label":"April 10, 2025","direction":"lower","abs_move_pct":4.25,"trade_2x_pct_of_assets":8.5,"trade_3x_pct_of_assets":25.5},{"session_date":"2025-05-12","move_label":"May 12, 2025","direction":"higher","abs_move_pct":4.07,"trade_2x_pct_of_assets":8.14,"trade_3x_pct_of_assets":24.42},{"session_date":"2025-03-10","move_label":"March 10, 2025","direction":"lower","abs_move_pct":3.88,"trade_2x_pct_of_assets":7.76,"trade_3x_pct_of_assets":23.28},{"session_date":"2025-10-10","move_label":"October 10, 2025","direction":"lower","abs_move_pct":3.47,"trade_2x_pct_of_assets":6.94,"trade_3x_pct_of_assets":20.82},{"session_date":"2025-04-16","move_label":"April 16, 2025","direction":"lower","abs_move_pct":3.02,"trade_2x_pct_of_assets":6.04,"trade_3x_pct_of_assets":18.12},{"session_date":"2025-01-27","move_label":"January 27, 2025","direction":"lower","abs_move_pct":2.91,"trade_2x_pct_of_assets":5.82,"trade_3x_pct_of_assets":17.46},{"session_date":"2025-04-24","move_label":"April 24, 2025","direction":"higher","abs_move_pct":2.81,"trade_2x_pct_of_assets":5.62,"trade_3x_pct_of_assets":16.86},{"session_date":"2025-02-27","move_label":"February 27, 2025","direction":"lower","abs_move_pct":2.78,"trade_2x_pct_of_assets":5.56,"trade_3x_pct_of_assets":16.68},{"session_date":"2025-03-06","move_label":"March 6, 2025","direction":"lower","abs_move_pct":2.75,"trade_2x_pct_of_assets":5.5,"trade_3x_pct_of_assets":16.5}],"shape":"series","sql":"SELECT\n    toString(date)                                                                                AS session_date,\n    concat(monthName(date), ' ', toString(toDayOfMonth(date)), ', ', toString(toYear(date)))      AS move_label,\n    if(move_pct >= 0, 'higher', 'lower')                                                          AS direction,\n    abs(move_pct)                                                                                 AS abs_move_pct,\n    round(abs(move_pct) * 2, 2)                                                                   AS trade_2x_pct_of_assets,\n    round(abs(move_pct) * 6, 2)                                                                   AS trade_3x_pct_of_assets\nFROM\n(\n    SELECT\n        date,\n        round(100 * (close_px / lagInFrame(close_px)\n              OVER (ORDER BY date ASC ROWS BETWEEN 1 PRECEDING AND CURRENT ROW) - 1), 2)          AS move_pct\n    FROM\n    (\n        SELECT\n            date,\n            max(toFloat64(close)) AS close_px\n        FROM global_markets.stocks_daily_aggs\n        WHERE ticker = 'QQQ'\n          AND date >= '2024-12-16'\n          AND date <= '2025-12-31'\n        GROUP BY date\n    )\n)\nWHERE date >= '2025-01-02'\nORDER BY abs_move_pct DESC\nLIMIT 12","computed_at":"2026-09-22T14:46:46.602233+00:00","elapsed":0.003555925}