Fri, Dec 26, 2014, 5:32 PM EST - U.S. Markets closed


% | $
Quotes you view appear here for quick access.

Direxion Daily Financial Bear 3X ETF Message Board

you are viewing a single comment's thread.

view the rest of the posts
  • yourdeadmeat69 yourdeadmeat69 Apr 24, 2009 4:30 PM Flag

    Here is a true FAZ story

    The only way to go into fas or faz is five to ten minute scenarios at best. Find the bottom of the channel, bid ten cents lower, and if it catches shoot for five to ten cents above the position.

    If it bottom, sell a covered call in the money against the position immediately to stem the blood flow, especially on a weekend when a dime or so will inure to you because of decaying time premium.

    Owning FAS and FAZ simultaneously with this hedge can make you money, but you need to get in when the ETF is in the six seven or eight bracket, the decay can wipe you out even covered in the money calls won't help.

12.34-0.010(-0.08%)Dec 26 4:00 PMEST

Trending Tickers

Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.