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Direxion Daily Financial Bear 3X ETF Message Board

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  • xtradersdotnet xtradersdotnet Nov 30, 2011 6:01 PM Flag

    Sorry Duyd. I sold 410 of my FAS at 62

    I use FAS a Trading tool (short term bounces) but still use XLF for longer holds. This has worked well in the past.

    its intresting that BAC options payout % wise about the same as going long or short FAS and FAZ.

    Just anouther way to play the market. FAS and FAZ options are SO over priced that I would not touch them.

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    • Use LBB:HBB, that should work better for you. You bet against top vs bottom. Whichever you like to bet, these ETFs trade at the wide range. Give 1-2% error, if you are wrong and data is not supported your bet, then get out. Exception happens, learn to deal with exception, then you become expert.


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