I'm getting that feeling again, where I need to ask, "Is everybody in?"
7 straight up days for the S&P...even though volume has been low, prices have gone up and bears have been hurt.
Based on the good numbers coming from tech land this quarter, I think it is fairly obvious what Americans have been doing with stimulus money. They have not been paying down their mortgages with it like they are supposed to...nope, they have been shopping for electronics.
Artificial earnings are now complete! Or are they? Perhaps we get another quarter of artificial earnings, after all, the Fed pumped massive amounts of money into our system.
Here's what I'm trading:
UNG
SRS
FXP
KONG
DIG
DUG
ERY
TNA
TZA
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I came by to get the opposite of TZA---looks like it's TNA--here's the thing---on these 2x and 3x etf's--I just figured out, none of the calls work--but the puts work really good--
ReplyDeleteSo on Monday--I want to get out of my TWM calls---and switch to either IWM,UWM or TNA puts--the calls took a beating on ( 100% IWM up 48 cent the call down 48 Cent ) TWM, and TZA--
but the puts didn't even move--10 cent big deal
so the moral of the story is---never play the call side of any of these 2x,3x etfs---always go find the one that's opposite and buy puts---
so if there's an opposite of srs---I'd like to know
because the srs calls DON'T WORK--unless you absolutely get the bottom price to within one penny, and then the etf price has to move 1.5 to 2.% and then and not before, will the call price start to move
Everybodies out
DeleteURE is the opposite of SRS....they also have the 3x leverage for Reits now too. I think its DRV and DRN
ReplyDelete