At the 3/09 bottom, TZA was about $120. Of course, it then had an earnings record and the public was bearish.
TZA appreciates rapidly with a premium, like an option, when the outlook is negative.
With a sub-1000 SPX, I think it could go to $15-$20 pretty easily. I will sell not so much on price, but when hopefully when bearishness peaks.
Looks like the 60 min finally went -ive on the MACD … so some downside for now …
Omnious – but would murder options with theta decay …
Yes – you also looking for a crash soon Rip ?
The last time TZA was at 20 – iwm was at 48 … we are at 66 right now … so you are talking about a crash scenario ?
You could see that tomorrow.
If the market doesn't gap up, that is.
Look at SPY compared to late 2007 — very ominous http://www.etf-corner.com/markets/2010/06/spy-h…
At least some selling tomorrow on the news then they may try to take it up again to kill all the june puts.
Dow jones end of day analysishttp://niftychartsandpatterns.blogspot.com/2010…
Why is that … ie TZA to 15-20 ?
I was looking for a move to 7.15-7.4
At the 3/09 bottom, TZA was about $120. Of course, it then had an earnings record and the public was bearish.
TZA appreciates rapidly with a premium, like an option, when the outlook is negative.
With a sub-1000 SPX, I think it could go to $15-$20 pretty easily. I will sell not so much on price, but when hopefully when bearishness peaks.
Looks like the 60 min finally went -ive on the MACD … so some downside for now …
Omnious – but would murder options with theta decay …
Yes – you also looking for a crash soon Rip ?
The last time TZA was at 20 – iwm was at 48 … we are at 66 right now … so you are talking about a crash scenario ?
You could see that tomorrow.
If the market doesn't gap up, that is.
Look at SPY compared to late 2007 — very ominous
http://www.etf-corner.com/markets/2010/06/spy-h…
At least some selling tomorrow on the news then they may try to take it up again to kill all the june puts.
Dow jones end of day analysis
http://niftychartsandpatterns.blogspot.com/2010…
Why is that … ie TZA to 15-20 ?
I was looking for a move to 7.15-7.4