S&P dipped under 780 which is vital support. I bought some TZA around 12:40ish at $61.33 and have a stop on it at $60.33. I'll take the risk reward on this trade, even if I lose $50. I plan on reducing this to 50% by the close or if I stop out.
I am still long TTWO and am still short WRI. I had some SSO puts but they will be worthless for a gain of $0. Today is options expiration, so volume should be heavy.
If you want to get short, I would nipple at shorting REITS. Second option would be TZA or BGZ. If you want to gamble with RT, FAZ is another option but I am not touching financials, with FAZ is up 41% since the low on Thursday. To me, TZA and BGZ seem a better value. Leveraged ETF's bite hard, so I keep short leashes on these.
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RF is King!
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