Trade Idea: (Swing/ Options)

The rest of the 3x leveraged ETFs are looking pretty good here as well, SRTY (IWM short 3x), SQQQ  (QQQ short 3x), SPXU (SPY 3x short) and FAZ (Financials 3x short).

Accordingly, the bounce higher today has reduced the premiums on the underlying: SPY, QQQ, IWM, XLF so I don't think this is a bad area for entering those if you're interested in some put options. Even though I suspect this will be a shorter term swing-type move toward the lows of last week, I still prefer to have some time under my belt and like the November monthly and in the money a bit, however everyone has their own risk tolerances and ways they like to trade options, I just like some room on them.