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Direxion Daily Emrg Mkts Bear 3X ETF Message Board

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  • cmegladon cmegladon Jun 14, 2010 11:08 AM Flag

    It's going to happen.....but we don't know when

    Back in $44.68 and 44.70 2k shares

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    • cmeg has company, you guys need to let him trade his trade. None of us know which way this is going-

      Posted on 06/14/10 at 11:10am by Michael J. Zerinskas
      Shares of the ISHARES MSCI EMERGING MARKETS INDEX FUND (NYSE: EEM) are higher on the session by 1.11%, currently trading at $39.19. The ETF recently made a new low on its recent retracement and is now butting its head against the 50-day and 200-day moving averages.

      Technical theory would suggest outlaying shorts on the EEM near these levels.

      One options trader is betting on further downside for the ETF by rolling a long put position from June to July. The June $38 put was sold on the bid 119,800 times for $0.26 and the July $37 put was purchased near the offer 119,800 times for $0.95.

      This suggests that a very large, institutional investor is still very worried about a further drop in worldwide markets.

      The ISHARES MSCI EMERGING MARKETS INDEX FUND seeks investment results that correspond generally to the price and yield performance of the MSCI Emerging Markets index. The fund generally invests at least 90% of assets in the securities of the underlying index or in ADRs and GDRs representing such securities. The index was developed by MSCI as an equity benchmark for international stock performance. It is nondiversified.

      • 2 Replies to phd1988_yale
      • That July 37.00 put may make money. I bet we are all in EDZ by then. But NOT NOW. IMO

        I am betting EEM goes to 41.50 - 42.00, but I'll sure as hell get out of EDC when it turns - wherever it turns.

      • PHD,

        you raise a very valid and interesting point. I am just very thankful that I am a daytrader and not an institutional investor because the one big disadvantage institutional investors have is that they don't have the ability or capability to unload any entire position at the blink of an eye ,when they no longer desire to be in that position...

        it takes time to unload a billion dollar plus position. all they can really do in the meantime, once they are in a position they want out, is to limit their exposure by buying insurance through option contracts to limit their exposure.

    • Down $1200 in 33 minutes. Cmeg you should reconsider.

    • OUCH. I sure don't understand your thinking here cmeg. Market has been rebounding for five sessions and you're betting DOWN? Do you hold EDZ all the way to 41 hoping for a catastrophe?

      We all know you could be right, but it sure doesn't look that way as I look at chart technicals.

38.60+1.86(+5.06%)May 4 4:00 PMEDT