I am a confirmed bear on the financials. But this morning I got concerned, Timmay had a bad week last week and I can't see hm going through options expiration with the market tanking. sol I decided to put a hedge on my FAZ holding. Sold 1/3 FAZ and Bought FAS at 5.75.
If both FAS and FAZ are eroding slowly over time...
no idea how exactly holding a "third" fas helps at all when you're holding the opposite position.
I agree, that dumbaZZ sure sounds like an amateur to me.