The SQQQ ETF provides 3 times inverse exposure to the Nasdaq-100 index. Intra-day volatility indicates that there are significant opportunities for making daily gains of 10% and above. However, it is important to consider the risks. Market conditions are currently uncertain with COVID lurking in the White House but expect more of a correction, not a sell-off. SQQQ is appropriate both for trading and as part of a hedging strategy.