We initially wrote about this in our October 2024 newsletter. Most recently, there has been a surge in innovative and high-fee Exchange Traded Funds (ETFs). Many include options strategies that promise to magnify the returns of underlying stocks or indexes, both on the upside and the downside. Most also have failed to deliver on the promised returns. It's a complicated area that Smarter Bear has researched, and we are happy to share our findings. In general, Caveat Emptor.