Since these would help me manage risk in my personal financial portfolio, why are there no exchange traded options on 3x leveraged ETNs?
Is there a prohibition that the SEC is perpetuating? Is there an agreement amongst exchanges not to trade them? If the SEC is approving/disapproving these particular products, what authority is that based on?
I've anecdotally heard "too much leverage" before, but there are ways to get more leverage than options would provide and it also isn't law (although the SEC has historically unparalled discretion over how ETFs and ETNs operate), so any insight into this would be great