FAS and FAZ, 3 Months
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 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.
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: 25.99 +0.54%) is up rought 1% less than (FAS: 90.42 -0.58%) 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.
This is just a friendly reminder why I like to short these simultaneously. A picture is worth a thousand words:
Click to enlarge
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