FAS is a 3 leveraged long Financial ETF and FAZ is a 3X short Financial ETF, to express a bullish position you buy FAS to express a bearish position you buy FAZ.
I opened FAZ calls which is expressing a VERY leveraged bearish view, but remember that ETFs are generally a good tool and used for short term moves and options, ESPECIALLY MY view of them are ULTRA SHORT in time holding them, usually little more than a day. So this position would be a shorter term one to hedge longs that I wouldn't want to take the time to move around selling and buying back, etc.
Nothing has changed since earlier in the week when the first pullback signals showed up, nothing has changed with the highest probability, largest trend signals still VERY bullish. Nothing has changed about wanting to use a pullback to establish leveraged longs like AAPL calls, etc like we did last Friday and closed Monday this week for a 100% to 115% 1 day gain.
No comments:
Post a Comment