FAS and FAZ, triple financial ETFs, bull and bear respectively.

Both have been dead in the water for the last 6 weeks.

I think holding FAS + writing calls is (was?) the best strategy here.

fas_faz_3months

Most of the time FAS and FAZ are up/down the same percentage. But every once in awhile they go off track, don’t know if it’s intentional or what.

Today is one of those days. (FAZ: 16.69 +0.60%) is up rought 1% less than (FAS: 49.39 -0.62%) is down. They may even out at the end of the day, but from what I’ve seen before, this will not be corrected.

I suppose it could be because of the afterhours or premarket action, but not sure.

Following is a summary of the capital requirements of 10 banks resulting from U.S. regulators’ stress tests, according to people familiar with the matter. The Federal Reserve is scheduled to release the results of the tests on the 19 largest U.S. banks tomorrow.

Click to enlarge

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