I still have the FAZ (3x short Financials) trading long position open, it's still green. If we were to get a move in the market with XLF >$21 and FAZ <$25, I'd be very interested in either XLF short or XLF puts depending on how it happened and/or FAZ long, my preference is really FAZ long as it has some leverage, but it's the kind of position that doesn't need as much maintenance as a put and I feel there's enough duration or profit potential to make it worthwhile.
I'll get some charts up and set some alerts, if we can get that small concession.
Is interest rates about to start going up?
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Yes, I know - it does not make any sense - FED is about to cut
rates...but....real world interest rates are not always what FED wants it
to be.
5 years ago
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