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written by reader Trade Sector ETFs

By april39, February 24, 2016

Trying to determine if I was up,down or sideways on Options/Shorts etc. in this crazy mkt and realizing too late the biggest losses in what was about 17%,now less than 10% in biotechs I did something that just may break me even in a couple years. Noting that Direxion 3x Longs were selling for $5.75 while shorts were about 10x that amount I bought 400 Longs 2/16/16. The price today, 1/19/16 is $6.75 3X LONG and $67.86 3xSHORT. This is the largest spread 2/19/16 and to me in the sector most likely to recover in a relatively short time.

This is a discussion topic or guest posting submitted by a Stock Gumshoe reader. The content has not been edited or reviewed by Stock Gumshoe, and any opinions expressed are those of the author alone.



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