Smart move Woody… I agree 100% with your thinking. Those 3x etf's will decay over time no matter what the market does. Of course you still want it to go in the direction you are betting on.
But, I'd never again go long on either the bull or bear one's… I'll only go short on them.
Hehehehe…. I'd actually rather buy long-term puts on the 3x bullish financials (FAS). Due to heavy time decay they MUST drop in price. 🙂 These things are ALWAYS reverse splitting.
The VIX is getting hammered today! We could see a pop in the morning to allow the VIX to fall back to a double bottom, before turning back up and tanking the market.
Smart move Woody… I agree 100% with your thinking. Those 3x etf's will decay over time no matter what the market does. Of course you still want it to go in the direction you are betting on.
But, I'd never again go long on either the bull or bear one's… I'll only go short on them.
Hehehehe…. I'd actually rather buy long-term puts on the 3x bullish financials (FAS). Due to heavy time decay they MUST drop in price. 🙂 These things are ALWAYS reverse splitting.
Yeah… now that's real ballsy! I might as well buy a lotto ticket.
And with leverage…. you, too, can make money like banks (or lose your shirt!)
Go with SDS August calls. 2X inverse SPX. 🙂 I dare you! Muahahahaha!
The way the VIX is dropping, the puts are going to be extremely cheap to buy.
There's always puts available….
The VIX is getting hammered today! We could see a pop in the morning to allow the VIX to fall back to a double bottom, before turning back up and tanking the market.
Sounds like the big boys already bought them all…
unbelievable….been trying for 10 minutes now and still no shares available to short the spy…
They do not understand what the teleprompter speaks!