Good read Mike but I disagree having a core short with this ETF. If there is truly a black swan event, you will be wiped out in a singe trading day.(911) What works best for me (not today) is to daytrade and swing trade along with buying far out (jan) calls in bulk.. I made 250 and 300 percent on the contracts I sold on Friday and am reloading for the next run. Good luck!
Ringo is right. I have 3k shares also @12.86 along with anArk of Jan calls and I am not worried one bit. Yeah sure, today stunk but I off set my losses by purchasing shares of SVXY. There will be more down the rest of the week so I am not averaging down till like Friday if I have to. Next week I feel we will see 15-17 possibly. Good Luck!
I agree.I think the markets drift up the rest of the week. I will be adding to my ark of Sept and Jan calls...
I think the banks just propped up the markets this week and next week the downtrend continues in force. Agree or disagree?